GBPUSD Daily Forecast Feb 02 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5114 resistance holds on a 4 hour closing basis , support comes at the 1.5014 levels , a halt is likely but a cut would open 1.4950 next , further down will target the 1.4900 levels.

On the upside , resistance comes at the 1.5114 levels , break of the 1.5114 levels on a 4 hour closing basis will turn outlook neutral and open the 1.5159/1.5220 levels before the next fall..

In all , as long as 1.5114 resistance holds on a 4 hour closing basis , outlook in GBPUSD remains on the downside towards the 1.5014 levels ahead of the 1.4950 levels , break of the 1.5114 levels will turn outlook neutral and bring rebound towards the 1.5159/1.5220 levels before the next fall..

On the daily tie frame ; stability below the 1.5211 levels on a daily closing basis will keep the pair under pressure with risk towards the 1.5000 levels even lower , above the 1.5211 levels will open main resistance at the 1.5318 levels…

GBPUSD Daily Forecast Feb 02 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS