GBPUSD Daily Forecast Jan 12 2016

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Outlook in GBPUSD remains on the downside as long as 1.4645 resistance holds on a daily closing basis, support comes at the 1.4303 levels, a halt is likely, but a cut would open 1.4057 next, further down, support comes at the 1.3787 levels.

On the upside, resistance comes at the 1.4645 levels, a break will outlook neutral and open the 1.4800 levels, further upside, resistance comes at the 1.4933/1.5007 levels….

Conclusion: The GBPUSD continues to face downside threats below the 1.4645 levels…

 

GBPUSD Daily Forecast Jan 12 2016

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