GBPUSD Daily Forecast Feb 09 2015

Uk min
Uk min

Outlook in GBPUSD remains neutral  with risk to the downside at the moment , trapped within 1.5164 /1.5321 levels. On the downside , support comes at the 1.5164 levels , losing this level on a daily closing basis is needed to restore the downside momentum , If seen focus will be on the 1.4950 levels ,  a cut would open 1.4900 next , further down will target the 1.4800 levels.

On the upside , resistance comes at the 1.5321 levels , break of the 1.5321 levels on a daily closing basis will suggest that rise from the 1.4950 levels is resuming , If seen , the pair will recapture the 1.5485/1.5539 levels , a halt is likely but a break would open 1.5619 levels.

In all , the GBPUSD is likely to consolidate within  1.5164 /1.5321 levels , below 1.5164 will open 1.4950/1.4800 levels while above the 1.5321 levels will open 1.5485/1.5539 levels…

 

GBPUSD Daily Forecast Feb 09 2015

 

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