GBPUSD Daily Analysis – December 15, 2016

GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is at 1.2660, only break above this level could trigger another rise towards 1.2900.

gbpusd chart