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    Technical analysis of GBP/USD for December 28, 2015 2015-12-28

    The weekly technical analysis of the GBP/USD pair:

    gbpusd_pp.png

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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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