GBPUSD Weekly Forecast Nov 30 2015

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Medium term outlook in GBPUSD remains on the downside as long as 1.5195 resistance holds on a weekly closing basis, support comes at the 1.4955 levels. At this point, I’d expect strong support from the 1.4955 levels to contain fall from the 1.5335 levels and bring rebound, however; a cut through the 1.4955 levels will turn focus on the 1.4795 levels ahead of the 1.4625 levels before the next rise…

On the upside, resistance comes at the 1.5195 levels, a break will turn outlook neutral towards the 1.5335/1.5497 levels before the next fall…

Conclusion: The GBPUSD continues to face downside threats belwo the 1.5195 levels…

For today: The pair is under pressure as long as trades below 1.5052 levels with risk towards the 1.4950 levels, above 1.5052 fcaes a recovery risk towards the 1.5155 levels before the next fall…

GBPUSD Weekly Forecast Nov 30 2015

GBPUSD Weekly Forecast Nov 30 2015-daily

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