GBPUSD Daily Forecast Jan 21 2015

Uk min
Uk min

Outlook in GBPUSD has turned neutral at the moment , with the key support 1.5033 intact , further upside couldn’t be ruled out towards the 1.5240 levels , a halt could be seen , but sustained trading above the 1.5240 levels will pave the way towards the 1.5318 levels before the next possible fall.

On the downside , to restore the downside momentum , 1.5033/1.5000 should be lost , If seen , further down towards the 1.4900/1.4800 levels will be in sight ..

In all , the GBPUSD is likely to consolidate within 1.5000/1.5318 range before the next move , above the 1.5318 will open 1.5475/1.5550 levels while below the 1.5033/1.5000 levels will resume the downward trend and pave the way towards the 1.4900/1.4800 levels.

 

GBPUSD Daily Forecast Jan 21 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS