GBPUSD Daily Forecast Apr 14 2017

GBPUSD: Bullish, Eyes On 1.2600 Levels Despite Hesitation!

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GBPUSD: Bullish, Eyes On 1.2600 Levels Despite Hesitation!

Outlook in GBPUSD remains on the upside as long as 1.2479 support holds on a daily closing basis, resistance comes at 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 with risk to the 1.2600 levels, below 1.2479 sees a fall risk to the 1.2400 levels…

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