GBPUSD Daily Forecast Apr 09 2014


The GBPUSD maintained a strong bullish momentum yesterday , printed support at the 1.6602 levels , topped at the  1.6753 levels . This development leaves the pair targeting the 1.6840 levels , a halt is likely , but a breach would open 1.6940 next , further upside will aim the 1.7050 levels.

On the downside , support comes at the 1.6683 levels ahead of 1.6602 9 ( main) , losing this level on a daily closing basis will delay the bullish move for retesting the 1.6551 levels before the next possible rise , a cut will open 1.6458 levels.

In all , as long as support 1.6602 holds on a daily closing basis , the GBPUSD will remain based to the upside towards the 1.6840 levels ahead of the 1.6940 levels , losing the 1.6602 on a daily basis will reverse risks tot he downside towards the 1.6551/1.6458 levels…


GBPUSD Daily Forecast Apr 09 2014



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