GBPUSD Daily Forecast Apr 16 2015

Uk min
Uk min

Outlook in GBPUSD remains neutral at the moment , the pair is in recovery mode as long as trades above the 1.4680 levels on a daily closing basis  , but recovery above the 1.4680 levels should be limited by the 1.4885 levels where fall resumption is likely ….however ; sustained breakout – daily closing – above the 1.4885 levels will extend recovery towards the 1.5009 levels before the next fall…

On the downside , support comes at the 1.4680 levels , sustained breakout – daily closing – below the 1.4680 levels is needed to restore the downside momentum , If seen  , next support will be the 1.4565 levels , further down will pave the way towards the 1.4480 levels..

In all , as long as 1.4680 support holds on a daily closing basis , the GBPUSD remains in recovery mode , and further upside couldn’t be ruled out ,  but recovery above the 1.4680 levels should be limited by the 1.4885/1.5009 levels ,sustained breakout  below the 1.4680 levels will restore the downside momentum and open 1.4565 ahead of the 1.4480 levels….

 

GBPUSD Daily Forecast Apr 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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