GBPUSD Daily Forecast Jun 19 2014


The GBPUSD  continued its bullish momentum yesterday , printed support at the 1.6917 levels . This development leaves the pair targeting the 1.7085  levels where a breach will turn focus on the 1.7195  levels , further upside will aim the 1.7300 levels.

On the downside , support comes at the 1.6960  levels ahead of 1.6917 ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – daily closing – below 1.6917  will turn outlook neutral for retesting  the 1.6845/1.6783  levels before the next possible rise .

In all ,as long as support 1.6917  holds on a daily closing basis , outlook in GBPUSD  remains on the upside with risk towards the 1.7085  levels ahead of the 1.7195  levels , below 1.6917  will reverse risks towards the 1.6845/1.6783  levels before the next rise…


GBPUSD Daily Forecast Jun 19 2014