GBPUSD Daily Forecast Jan 15 2020

Pound dollar 6598989 are

GBPUSD: Bearish Tests Key Resistance 1.3045 Despite Recovery Attempts!

The outlook in GBPUSD remains on the downside as long as the pair trades below 1.3045 levels on a daily closing basis. Support comes at 1.2960/1.2930 levels ahead of 1.2860 levels. A halt is likely. But a cut would open 1.2770 next. Further down, support comes in the 1.2660 levels.

On the upside, resistance comes at 1.3045 levels (main). Above 1.3045 sees recovery threats to 1.3085/1.3135 levels where another fall is likely.

In conclusion: The GBPUSD faces downside threats below 1.3045 levels despite recovery attempts.

Support: 1.2960, 1.2930, 1.2860, 1.2770

Resistance: 1.3045, 1.3085, 1.3135, 1.3217

Key data/events which may affect GBP USD today:
  • From the U.K: BoE MPC Member Saunders Speaks at 08:40 GMT.
  • U.K Consumer Price Inflation (YoY). at 09:30 GMT. The forecast is to remain unchanged as the previous month at 1.5%. *
  • FOMC Member Harker Speaks at 16:00 GMT.
  • FOMC Member Kaplan Speaks at 17:00 GMT.

GBPUSD Daily Forecast Jan 15 2020