GBP/USD Daily technical analysis December 19, 2014


GBP/USD
currency pair movement [main scenario]
The pair has changed its movement into the descending one, Tenkan and Kijun lines are moving in parallel, the price is moving between them, as well as within the descending cloud, the further descending movement is being expected. We should sell the pair below the 1,5665 resistance level, set take profit at these support levels - 1,5635, 1,5610, 1,5575.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,5665 resistance level, in such a case the further ascending movement till these resistance levels - 1,5695, 1,5723 is very possible.
LEVELS
Resistance: 1,5665; 1,5695 1,5723.
Support: 1,5635; 1,5610; 1,5575.

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