GBPUSD Daily Forecast Jul 25 2014

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Outlook in GBPUSD remains on the downside as long as resistance 1.7000/1.7040 holds on a daily closing basis , next support comes at the 1.6965 levels , losing this level  would open 1.6900 next , further downside will aim the 1.6825 levels…….

On the upside , resistance comes at the 1.7000 levels ahead of the 1.7040 levels ( main) , break of the 1.7040 levels on a daily basis will turn outlook neutral for retesting the 1.7082/1.7143 levels before the next fall…

In all , as long as resistance 1.7040 holds on a daily closing basis , outlook in GBUSD remains on the downside towards the 1.6900 levels and possible lower towards the 1.6825 levels , break of the 1.7040 levels on a daily basis would only delay the bearish for retesting the 1.7082/1.7143 levels before the next fall……..

 

GBPUSD Daily Forecast Jul 25 2014

MARKET DATA

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