GBPUSD Daily Forecast Mar 02 2015

Uk min
Uk min

Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5342/1.5393 support holds on a daily closing basis , resistance comes at the 1.5539/1.5619 levels , a halt is likely , but a break would open 1.5785 next , further upside will target the 1.5941 levels ..

On the downside , support comes at the 1.5393 levels ahead of the 1.5342 levels (main) , losing the 1.5342 levels on a daily closing basis will suggest short term topping and reverse risk to the downside towards the 1.1.5103 levels , a halt is likely but a cut will bring a lower leg below the 1.4950 levels…

In all , as long as 1.5342/1.5393 support holds on  a daily closing basis , outlook in GBPUSD remains on the upside towards the 1.5551/1.5619 levels , below 1.5342 will reverse risk towards the 1.5103/1.4950 levels..

 

GBPUSD Daily Forecast Mar 02 2015

 

 

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