GBPUSD Daily Forecast Aug 22 2014

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Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis , next support comes at the 16550 levels , losing this level will open 1.6450 levels , a halt is likely , but further losses will aim the 1.6250 levels…

On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6678/1.6738 levels before the next fall….

In all , as long as resistance 1.6610 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.6550/1.6450 levels and possible lower towards the 1.6250 levels…break of the 1.6610 levels on a daily basis will turn outlook towards the 1.6678/1.6738 levels before the next fall….

 

GBPUSD Daily Forecast Aug 22 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS