GBPUSD Daily Analysis – December 18, 2014

GBPUSD is facing 1.5541 support, a breakdown below this level will indicate that the downtrend from 1.6182 (Oct 28 high) has resumed, then further decline to 1.5000 area could be seen. Resistance is at 1.5650, only break above this level will indicate that lengthier sideways movement in the range between 1.5541 and 1.5825 is underway.

gbpusd chart