GBPUSD Weekly Analysis - December 27, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 December 2015 07:48 UTC
GBPUSD continued its downward movement from 1.5929, and the fall extended to as low as 1.4805. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 - 1.4800 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

gbpusd chart

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