GBPUSD Daily Forecast Feb 23 2015

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Uk min
Uk min

Outlook in GBPUSD remains on the upside as long as 1.5342 /1.5414 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 1.5414 levels , losing this level should weaken the current  bullish run for retesting  main support at the 1.5342 levels before the next rise  , however ; sustained breakout – daily closing – below this level will extend the pullback towards the 1.5164 levels before the next rise…

In all , as long as 1.5342/1.5414 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…

 

GBPUSD Daily Forecast Feb 20 2015

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