GBPUSD Daily Forecast Jan 19 2016

Outlook in GBPUSD remains on the downside as long as 1.4350 resistance holds on a daily closing basis, support comes at the 1.4235 levels, a halt is likely, but a cut would open 1.4057 next, further down, support comes at the 1.3900/1.3787 levels.

On the upside, resistance comes at the 1.4350,¬†above 1.4350 faces a recovery risk towards the 1.4510/1.4645 levels before the next fall…

Conclusion: The GBPUSD continues to face downside threats below the 1.4350 levels…

 

GBPUSD Daily Forecast Jan 19 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS