GBPUSD Daily Forecast Dec 21 2015

Outlook in GBPUSD remains on the downside as long as 1.5007 resistance holds on a daily closing basis, support comes at theĀ 1.4760 levels, a halt is likely and a reversal may occur, however; a cut through the 1.4760 levels would open 1.4635 next, further down, support comes at the 1.4500 levels.

On the upside, resistance comes at the1.4950 levels ahead of the 1.5007 levels (main), a break will turn outlook neutral towards the 1.5140 levels before the next fall.

Conclusion: The GBPUSD continues to face downside threats below 1.5007 levels….


GBPUSD Daily Forecast Dec 21 2015