GBPUSD Daily Forecast Dec 01 2014

Despite last decline we witnessed on Friday , daily outlook in GBPUSD remains neutral with risk to the downside as long as resistance 1.5720 holds on a daily closing basis , support comes at the 1.5589 levels , losing this level is needed to confirm topping at the 1.5825 levels , If seen , focus will be 1.5500 levels , a halt is likely but  further down will open 1.5400 next.

On the upside , resistance comes at the 1.5720 levels , break of this level on a daily closing basis should weaken the current bearish run and turn outlook again towards main resistance at the 1.5775/1.5825 levels before the next possible fall.

In all , as long as resistance 1.5720 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5589 levels where a cut will open 1.5500 levels , above 1.5720 will recapture the 1.5775/1.5825 levels before the next possible fall..

 

GBPUSD Daily Forecast Dec 01 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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