GBPUSD Daily Forecast Jan 15 2015

Uk min
Uk min

Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5175 support holds on a 4  hour closing basis , resistance comes at the 1.5318 levels .At this point I’d expect strong resistance from the 1.5318 levels to contain rise from the 1.5033 levels and bring bring fall resumption , however ; a clear break above the 1.5318 levels will bring strong recovery towards the 1.5475/1.5550 levels..

On the downside , sustained trading below the 1.5175 levels is needed to restore the downside momentum , If seen , focus will be on the 1.5033/1.5000 levels..

In all , as long as 1.5175 support holds on a 4 hour closing basis , outlook in GBPUSD remains – cautiously – to the upside towards the 1.5318 levels , a clear break below the 1.5175 levels will restore the downside momentum and open 1.5033/1.5000 levels..

GBPUSD Daily Forecast Jan 15 2015

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