GBPUSD Daily Forecast Apr 08 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 1.4869 levels ahead of the  1.4687 levels , sustained breakout below this level will accelerate the expected bearish move and open 1.4550 next , a halt could be seen , but a cut will pave the way towards the 1.4400 levels ahead of the 1.4212 levels.

On the upside , resistance comes at the 1.5009 levels , a halt is strongly suggested , however , a clear break above the 1.5009 levels will open the 1.5162 levels where rejection is also suggested , If 1.5162 fails to hold , further  upside towards the 1.5351/1.5428 levels is likely………

In all , as long as 1.5009 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards 1.4687/1.4550 levels , above the 1.5009 levels will reverse risk towards the 1.5162 levels before the next possible fall…

Intraday : short term resistance comes at the 1.4945 levels , sustained breakout above this level may expose the psycho level 1.50000 , but in return , a failure to hold gains above the 1.4945 levels could mean a return to the 1.4835 levels ahead of the 1.4800 levels before the next possible rise……………sustained breakout below 1.4800 levels will open 1.4700/1.4600 levels…

 

GBPUSD Daily Forecast Apr 08 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

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