GBPUSD Daily Forecast Apr 03 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5009 resistance holds on a daily closing basis , support comes at the 1.4687 levels , losing this level will look for the 1.4557 levels a halt is likely , but a cut – sustained breakout – below the 1.4557 levels would open 1.4400 next , further down will target the 1.4215 levels.

On the upside , resistance comes at the 1.5009 levels  , sustained breakout – daily closing above the 1.5009 levels will suggest short term bottoming and open 1.5126/1.5351 levels before the next fall…..

In all ,as long as 1.5009  resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.4557 levels ahead of the 1.4400 levels , above the 1.5009 levels will turn outlook neutral and bring limited gains below the 1.5162/1.5351 levels before the next possible fall….

According to the 4 hour time frame : Intraday resistance comes at the 1.4870 levels while support comes at the 1.4750 levels , sideways move within this range is likely , however ; a clear break above the 1.4870 levels will open main support at the 1.5009 levels , below 1.4750 will open 1.4687/1.557 levels..

 

GBPUSD Daily Forecast Apr 03 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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