GBPUSD Daily Forecast Aug 05 2014

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Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the downside as long as resistance 1.6960/1.7000 holds on a daily closing basis , next support comes at the 1.6783 levels , a halt is likely , but further losses will pave the way towards the 1.6720/1.6693 levels…

On the upside , resistance comes at the 1.6960 levels ahead of the 1.7000 levels (main) , break of the 1.7000 levels will turn outlook neutral for retesting the 1.7070/1.7143 levels before the next possible fall………….

In all , as long as resistance 1.6960/1.7000 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.6783 levels , above 1.7000 will turn outlook towards the 1.7070/1.7143 levels………

 

GBPUSD Daily Forecast Aug 05 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS