GBPUSD Daily Forecast Aug 26 2014

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Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis ,support comes at the 1.6535 levels , losing this level will open 1.6440 levels , a halt is likely , but further losses will aim the 1.6330 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 1.6535/1.6440 levels and possible lower towards the 1.6330 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 26 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS