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GBPUSD Weekly Technical Analysis | December 27, 2014



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GBPUSD failed to break its support area. It is now staying on the support level. In shorter time frame we saw bullish divergence and this pair is going up. So this can be up more. 1.5600 is near term resistance area for this pair. So on that level, we can sell from that sell zone. For sell entry, target will be 1.5500 area. On the other hand, this pair is now on bullish mode on shorter time frame. For buy entry, target will be 1.5650 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.5740

Resistance One (R1): 1.5648

Pivot Point: 1.5568

Support One (S1): 1.5476

Support Two (S2): 1.5396


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