GBPUSD: Downtrend from July's 2.0154 peak reached 1.4556 on 13 Nov, ahead of recovery. This reached 1.5532 high on 25 Nov, followed by current correction/consolidation. Short-term outlook remains supportive for fresh attempt higher, with break through 1.5532 required to open 1.5600/1.5701, 50% retracement of 1.6669/1.4556 down-leg/ 11 Nov intraday high...
complete article here...