GBPUSD Daily Forecast Dec 29 2015

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Outlook in GBPUSD in neutral at the moment, the pair remains in a recovery mode as long as trades above the 1.4867/1.4825 levels on a daily closing basis, resistance comes at the 1.4950 levels, further upside will open 1.5007 levels before the next fall, above 1.5007 will extend recovery towards the 1.5140 levels.

On the downside, immediate support comes at the 1.4867 levels ahead of the 1.4825 levels(main), below 1.4825 will restore the downside momentum and open the 1.4765/1.4700 levels.

Conclusion: The GBPUSD continue to face recovery threats above the 1.4867/1.4825 levels…

GBPUSD Daily Forecast Dec 29 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS