GBPUSD Daily Forecast Feb 17 2015

Uk min
Uk min

Despite hesitation , outlook in GBPUSD remains on the upside as long as 1.5342 support holds on a daily closing basis , resistance comes at the 1.5540 levels , a halt is likely but a break would open 1.5700 next , further upside will target the 1.5880 levels .

On the downside , support comes at the 1.5342 levels , sustained breakout – daily closing – below this level will turn outlook neutral and bring a corrective pullback above the 1.5164 levels before the next rise…

In all , as long as 1.5342 support holds on a daily closing basis , outlook in GBPUSD remains on the upside towards the 1.5540 levels and possible higher towards the 1.5700 levels , below the 1.5342 levels will bring a corrective pullback above the 1.5164 levels before the next rise…

Note that sustained breakout above the 1.5414 levels – daily closing – will accelerate the expected bullish move…

 

GBPUSD Daily Forecast Feb 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS