GBPUSD Daily Forecast Nov 25 2015

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The GBPUSD maintained a bearish momentum yesterday, topped at the 1.5155 levels, and bottomed at the 1.5052 levels. This development leaves the pair targeting the 1.4975 levels, a halt is likely and a reversal may occur, however; a cut through the 1.4975 levels would open 1.4880 next, further down, support comes at the 1.4770 levels.

On the upside, resistance comes at the 1.5155 levels (main), a break will turn outlook neutral towards the 1.5335/1.5400 levels before the next fall.

Conclusion: The GBPUSD continues to face downside threats below 1.5155 levels, above 1.5155 faces a recovery risk towards 1.5335/1.5400 levels before the next fall….

 

GBPUSD Daily Forecast Nov 25 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS