GBPUSD Daily Forecast Dec 16 2015

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Outlook in GBPUSD has turned neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.5140 levels on  a daily closing basis, and further down couldn’t be ruled out towards the 1.5000/1.4950 levels before the next rise, more losses will turn focus on the 1.4893 levels ahead of the 1.4810 levels…

On the upside, resistance comes at the 1.5140 levels, a break will pave the way towards the 1.5270 levels, a halt is likely, but a break would open 1.5400 next, further upside, resistance comes at the 1.5525 levels…

Conclusion: The GBPUSD continues to face pullback threats below the 1.5140 levels…..

 

GBPUSD Daily Forecast Dec 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS