GBPUSD Daily Forecast Apr 10 2015

Uk min
Uk min

The GBPUSD continued its bearish momentum yesterday , topped at the 1.4885 levels and bottomed at the 1.4683 levels . This development leaves the pair targeting the 1.4600 levels , a halt is likely but a cut would open 1.4500 next , further down will target the 1.4380 levels…

On the upside , resistance comes at the 1.4800 ahead of 1.4885 (main) , break of 1.4885 on a daily closing basis will turn outlook neutral and open 1.5000 /1.5162 levels before the next fall…

In all , as long as 1.4885 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.4600 levels ahead of the 1.4500 levels , above 1.4885 levels will bring rebound towards the 1.5000/1.5162 levels before the next fall…

 

GBPUSD Daily Forecast Apr 10 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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