GBPUSD Daily Forecast Jan 20 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5150 resistance holds on a 4 hour closing basis , support comes at the 1.5000 levels , a cut would open 1.4900 next , further down will target the 1.4800 levels ..

On the upside , sustained trading above the 1.5150 levels on a 4 hour closing basis will put the pair in recovery mode and pave the way towards the 1.5240/1.5318 levels before the next fall..

In all , as long as 1.5150 resistance holds on a 4 hour closing basis , outlook in GBPUSD remains on the downside towards the 1.5033/1.5000 levels ahead of the 1.4900 levels , a clear break above the 1.5150 levels will turn outlook neutral and pave the way towards the 1.5240/1.5318  levels before the next possible fall..

 

GBPUSD Daily Forecast Jan 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS