GBPUSD Daily Forecast Jul 01 2015

0
174
forex UK min
forex UK min

Outlook in GBPUSD remains neutral at the moment, support comes at the 1.5708 levels, a failure to hold below the 1.5700 levels could mean a return to the 1.5804 levels, a break will restore the upside momentum and pave the way towards the 1.5929 levels, further upside , resistance comes at the 1.6022 levels.

On the downside, below 1.5700 faces a corrective pullback risk above the 1.5555/1.5625 levels before the next possible rise.

Conclusion : As long as 1.5700 support holds on a daily closing basis, outlook in GBPUSD remains neutral with risk to the upside towards the 1.5804/1.5929 levels, below 1.5700 faces a pullback risk towards the 1.5555/1.5625 levels before the next possible rise.

GBPUSD Daily Forecast Jul 01 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS