GBPUSD Daily Forecast Jan 26 2016

Outlook in GBPUSD remains neutral with risk to the downside at the moment, resistance comes at the 1.4252 levels, a clear break will open main resistance at the 1.4351 levels, a halt is likely and a reversal may occur around here, however; a break would open 1.4500 next, further upside, resistance comes at the 1.4645 levels…

On the downside, support comes at the 1.4154 levels, a cut through this level will restore the downside momentum and open the 1.4057 levels, further down, support comes at the 1.3900 levels…

Conclusion: The GBPUSD continues to consolidate within 1.4154/1.4351 range, below 1.4154 will open 1.4057/1.3900 levels while above 1.4350 will open 1.4500/1.4645 levels…

 

GBPUSD Daily Forecast Jan 26 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS