GBPUSD Daily Forecast Apr 23 2014

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The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6785 levels. This development leaves the pair targeting the 1.6885 levels , where a breach will turn focus on the 1.6950 levels , further upside will aim the 1.7000 levels.

On the downside , main support comes at the 1.6785 levels , losing this level on a daily closing basis will turn outlook neutral for retesting 1.6720 levels before the next possible rise , losing the 1.6720 would open 1.6650/1.6600 levels.

In all , as long as support 1.6785 holds on a daily basis , outlook in GBPUSD remains on the upside towards the 1.6885 levels ahead of 1.6950 levels , below 1.6785 will reverse risks towards the 1.6720 levels before the next possible rise…

 

 

GBPUSD Daily Forecast Apr 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS