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GBPUSD Weekly Technical Analysis | December 13, 2014



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GBPUSD is now short term bullish bias. This pair is near to resistance area at 1.5800-1.5820. If any bearish candle formed in H4 or Daily time frame, then we can go for sell entry from that level. If this pair is able to break that resistance, then short term bullish rally can extend upto 1.6000 area. For intraday trading, this pair is on nuetral mode, but overall, this pair is on downtrend. So it is better to find sell entry from every retracement.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.5833

Resistance One (R1): 1.5708

Pivot Point: 1.5638

Support One (S1): 1.5513

Support Two (S2): 1.5443


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