GBPUSD Daily Forecast Feb 04 2015

Uk min
Uk min

Short outlook in GBPUSD has turned to the upside at the moment , support comes at the 1.5200 levels , stability above this level on a 4 hour closing basis will push the pair towards the 1.5250 levels , a halt is likely but a break would open 1.5285 next , further upside will target the 1.5330 levels.

On the downside , support comes at the 1.5200 levels , losing this level on a 4 hour closing basis will turn outlook neutral and bring a corrective pullback above the 1.5118/1.5150 levels before the next rise . However ; to restore the downside momentum , losing the 1.5118 levels on a 4 hour closing basis is needed , If seen focus will be on the 1.5014/1.4987 levels..

In all , as long as 1.5200 support holds on a 4 hour closing basis , outlook in GBPUSD remains on the upside towards the 1.5250 levels ahead of the 1.5285/1.5330 levels..below 1.5200 will bring a corrective pullback above theĀ 1.5118/1.5150 levels before the next rise..

 

GBPUSD Daily Forecast Feb 04 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS