GBPUSD Daily Forecast Feb 01 2017

GBPUSD, Bullish With Risk To 1.2773 Levels...

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GBPUSD, Bullish With Risk To 1.2773 Levels…

Outlook in GBPUSD remain on the upside as long as 1.2410 support holds on a daily closing basis, resistance comes at the 1.2673 levels ahead of the 1.2773 levels. A halt is reversal may occur, however; a break would open 1.2945, further upside, resistance stands at the 1.3086 levels…

On the downside, support comes at the 1.2410 levels, below 1.2410 sees a corrective pullback to the 1.2250 before the next rising….

Conclusion: The GBPUSD continues to face upside threats above the 1.2410 levels, below 1.2410 faces corrective threats to the 1.2250 levels…

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