GBPUSD Daily Analysis – December 8, 2014
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed.
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8293.
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle.
The USDJPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer.
After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825,
The AUDUSD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap.
GBPUSD broke below 1.5590 support, indicating that the downtrend from 1.6182 has resumed.
EURUSD moved sideways in a trading range between 1.2358 and 1.2599.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416.