gbp usd weekly outlook for 28 dec to 1 jan 2016

gbp usd weekly outlook for 28 dec to 1 jan 2016
pound dollar pair this week closed at 1.4925 with gain.
GBP USD weekly chart trend
is down but momentum is also looking weak.
For medium term , gbp usd support zones are 1.4620 and 1.4325 levels.
On upside expect strong resistance at 1.4950 and 1.5240 levels.
For next week , below 1.4950 keep short view
and if sustain above 1.4950 then take long call for
technical bounce back move up to 1.5240.

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Pramod Baviskar

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