GBPUSD Daily Forecast Jan 08 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5095 resistance holds on a 4 hour closing basis , support comes at the 1.5000 levels , a halt is likely but a cut would open 1.4900 next , further down will target the 1.4800 levels.

On the upside , resistance comes at the 1.5095 levels (main) , sustained trading above the 1.5095 levels will suggested short term bottoming and open 1.5200 levels before the next fall…however ; If 1.5200 is taken out , further gains should be seen towards main resistance at the 1.5318 levels..

In all , as long as 1.5095 resistance holds on a 4 hour closing basis , outlook in GBPUSD remains on the downside towards the 1.5000 levels ahead of the 1.4900 levels , above 1.5095 will turn outlook neutral and bring consolidation below 1.5200 levels before the next fall…

 

GBPUSD Daily Forecast Jan 08 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS