GBPUSD Daily Forecast Jan 14 2015

Uk min
Uk min

Outlook in GBPUSD remains neutral with risk to the downside as long as 1.5200 resistance holds on a 4 hour closing basis , support comes at the 1.5098 levels , losing this level on a 4 hour closing basis will open the 1.5033/1.5000 levels, a cut would open 1.4900 next , further down will target the 1.4800 levels..

On the upside , stability above the 1.5098 levels on a 4 hour closing basis could mean a return to the 1.5200 levels , a halt is likely but a clear break above the 1.5200 levels will pave the way towards the 1.5318 levels..

In all , as long as 1.5200 resistance holds on a 4 hour closing basis , outlook in GBPUSD remains neutral with risk to the downside towards the 1.5098 levels ahead of the 1.5033 levels , above the 1.5200 levels will pave the way towards the 1.5318 levels…

 

GBPUSD Daily Forecast Jan 14 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS