GBPUSD Daily Forecast Apr 19 2017

GBPUSD: Bullish, Above 1.2852 Will Open 1.2945 Levels!


GBPUSD: Bullish, Above 1.2852 Will Open 1.2945 Levels!

Outlook in GBPUSD remains on the upside as long as 1.2817 support holds on a 4-hour closing basis, immediate resistance comes at the 1.2844 levels where a break will open 1.2945 levels, a halt is likely and it may turn lower from here, but a break above that level turn the focus on the 1.3086 levels, further upside, resistance comes at the 1.3246 levels.

On the downside, immediate support comes around 1.2817 levels, a clear break below that level will bring a corrective pullback towards the 1.2730 levels before the next rising If buyers fail to push it higher from here, expect the corrective pullback to extend lower towards the 1.2500 levels…

Conclusion: The GBPUSD sees upside threats above the 1.2817 levels…

Note: An hourly closing above 1.2852 levels will accelerate the move towards the 1.2915/1.2945 levels…