GBPUSD Daily Forecast Jul 04 2014

Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the upside as long as support 1.7114 holds on a daily closing basis , resistance comes at the 1.7165 levels ,  break of 1.7165 on a daily basis would open 1.7235 levels next , further upside will aim the 1.7320  levels…

On the downside , support comes at the 1.7114 levels , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.7051/1.7007 levels before the next rise…

In all , as long as support holds 1.7114 holds on a daily closing basis , outlook in GBPUSD remains on the upside towards the 1.7235 levels ahead of the 1.7320 levels. Below 1.7114 will turn outlook neutral for 1.7051/1.7007 levels before the next rise……

 

GBPUSD Daily Forecast Jul 04 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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