GBPUSD Daily Forecast Jun 05 2014

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Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the downside as long as resistance 1.6815 holds on a daily closing basis , support comes at the 1.6992 levels , a break would open 1.6600 next , further downside will aim the 1.6458 levels.

On the upside , resistance comes at the 1.6815 levels , sustained trading on a daily basis will confirm bottoming at the 1.6692 levels , If seen , the pair will recapture the 1.6920 levels , a halt could be seen , but a breach would open 1.7000 levels.

In all ,as long as resistance 1.6815 holds on a daily closing basis , outlook remains on the downside towards the 1.6992/1.6600 levels , break of the 1.6815 will reverse risks towards 1.6920 levels ahead of the 1.7000 levels….

 

GBPUSD Daily Forecast Jun 05 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS