GBPUSD Daily Forecast Apr 13 2017

GBPUSD: Bullish With Eyes On The 1.2600 Levels!


GBPUSD: Bullish With Eyes On The 1.2600 Levels!

The GBPUSD maintained a bullish momentum yesterday, bottomed at the 1.2479 levels, topped at the 1.2547 levels.

This development leaves the pair targeting the 1.2600 levels, a halt is likely and a reversal may occur, however; a breakthrough the 1.2600 levels will extend gains to the 1.2680 levels, further upside, resistance stands at the 1.2735 levels…

On the downside, support comes at the 1.2504 levels ahead of the 1.2479 levels (main), below 1.2479 will reverse risk to the downside and pave the way to the 1.2400 levels, further down, support stands at the 1.2340 levels.

Conclusion: The GBPUSD continues to face upside threats above the 1.2479 levels…