GBPUSD: Loses Upside Momentum

2 thg 12, 2015

GBPUSD: Having capped its recovery at 1.5126 level to close on a long-tailed candle on Tuesday, GBPUSD looks to resume its medium term downtrend. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level.

Strategy: Sell at 1.5081, Stop loss at 1.5149, Price target at 1.5000 & 1.4940