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28.12.2015 01:47 PM
Technical analysis of GBP/USD for December 28, 2015

The weekly technical analysis of the GBP/USD pair:

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Trading Recommendations:

  • According to the previous events, the GBP/USD pair is still moving between 1.4841 and 1.4980 this week. .
  • Buy above 1.4841 with the first target at 1.4944, it might resume to 1.4980.
  • Below 1.5030 (161.8% of Fibonacci retracement levels), look for further downside with the aim to test the levels of 1.4980 and 1.4950 again.

Observations:

  • Please check out the market volatility before investing, because the scenario may have already been invalidate.
  • Use historic prices to determine future prices.
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