GBPUSD Daily Forecast Nov 24 2015

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Outlook in GBPUSD is neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.5289 levels, support comes at the 1.5113 levels. At this point, I’d expect strong support from the 1.5113 to contain fall from the 1.5334 levels and bring rebound, however; a cut through the 1.5113 levels will extend the pullback towards the 1.5035 levels, further down, support comes at the 1.4930 levels…

On the upside, resistance comes at the 1.5183 levels, a break will turn focus on the 1.5235 levels, a clear break above the 1.5235 levels will restore the upside momentum and pave the way towards the 1.5400 levels…

Conclusion: The GBPUSD continues to consolidate within 1.5113/1.5235 levels, aboveĀ 1.5235 will restore the upside momentum, below 1.5113 faces a fall risk towards the 1.5035/1.4930 levels…

GBPUSD Daily Forecast Nov 24 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS