GBPUSD Daily Forecast Dec 15 2015

Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5110/1.5003 support holds on a daily closing basis, resistance comes at the 1.5230/1.5270 levels, a halt is likely, but a break would open 1.5400 next, further upside, resistance comes at the 1.5525 levels…

On the downside, support comes at the 1.5110 levels ahead of the 1.5003 levels (main), below 1.5003 will reverse risks towards the 1.4893 levels and possibly lower towards the 1.4800 levels…

Conclusion: The GBPUSD continues to face upside threats above the 1.5003 levels, even in the case of a pullback…

 

GBPUSD Daily Forecast Dec 15 2015

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