On the H1 chart, GBP/USD moved lower, but still in a mixed manner after the Fed's meeting which raises the interest rates for first time over the last 7 years. Currently, we can expect another decline towards the support level of 1.4962 which was tested during Wednesday's session. However, we cannot discard a rebound above the resistance level of 1.5032.
H1 chart's resistance levels: 1.5032 / 1.5079
H1 chart's support levels: 1.4962 / 1.4918
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is seen at 1.5032, take profit is at 1.5072, and stop loss is at 1.4986.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of GBP/USD for December 17, 2015 . Thanks for your support.
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