GBPUSD Daily Forecast Jan 27 2015

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Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5103 resistance holds on a daily closing basis , a failure to hold above the 1.5103 levels on a daily closing basis could mean a return to the 1.4971 levels , sustained breakout below the 1.4971 levels will target the 1.4890 levels , a halt is likely but a cut would open 1.4785 next , further down will aim the 1.4675 levels.

On the upside , resistance comes at the 1.5103 levels , sustained breakout -daily closing – above the 1.5103 levels will put the pair in recovery mode and open 1.5211 levels , but recovery above the 1.5103 levels should be limited by the 1.5211/1.5318 levels where fall resumption is likely..

In all ,as long as 1.5103 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.4971 levels ahead of the 1.4890 levels , above the 1.5103 levels It faces a recovery risk below 1.5211/1.5318 levels before the next fall..

 

GBPUSD Daily Forecast Jan 27 2015

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