GBPUSD Daily Forecast Feb 02 2017

GBPUSD, Pressure Builds Up On The 1.2673 Levels...

Pound-dollar-9865315asdfg.jpg

GBPUSD, Pressure Builds Up On The 1.2673 Levels…

Outlook in GBPUSD remains on the upside as long as 1.2572 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 1.2572 levels, below 1.2572 sees a corrective pullback to the 1.2410 before the next rising….

Conclusion: The GBPUSD continues to face upside threats above the 1.2572 levels with risk to the 1.2773 leVels, below 1.2572 faces corrective threats to the 1.2410 levels…

Note: U.K Construction PMI data may bring a buying opportunity today…

blank

MARKET DATA

UPCOMING ECONOMIC EVENTS