GBP/USD, forecast: Wednesday, 09 December, 2015

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend between resistance 1.5140 and support level 1.4970. Where local downtrend will start from resistance 1.5140, which will be followed by moving down to support level 1.4170 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4800. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.5140, which will be followed by moving up to resistance level 1.5235

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