GBPUSD Daily Forecast Jan 07 2015

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Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5187 resistance holds on a 4 hour closing basis , support comes at the 1.5100 levels , a cut would open 1.5000 levels , a halt is likely but losing the 1.5000 levels would open 1.4900 next , further down will aim the 1.4800 levels.

On the upside , resistance comes at the 1.5187 levels , break of the 1.5187 levels on a 4 hour closing basis will put the pair in recovery mode , but recovery above the 1.5187 levels should be limited by the 1.5318 levels where fall resumption is likely , however ; If 1.5318 is taken out , further gains will be in sight towards the 1.5475 levels…

In all , as long as 1.5187 resistance holds on a 4 hour closing basis , outlook in GBPUSD remains on the downside towards the 1.5100 levels ahead of the 1.5000 levels , above 1.5187 will bring rebound towards the 1.5318 levels before the next  fall !!!!!!!

 

GBPUSD Daily Forecast Jan 07 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS