GBP/USD Forecast December 15, 2016, Technical Analysis

The GBP/USD pair had a slightly positive candle form for the Wednesday session. The 1.27 level continues to attract a lot of noise though, so having said that I think that it will remain choppy. If we can continue to go higher, we will then test a massive resistance barrier around the 1.2850 level above. This is an area that should continue to find sellers time and time again as it was so supportive in the past. At that point, I feel that the market is begging to be sold. At the moment though, expect a lot of volatility. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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