GBPUSD Daily Forecast Mar 06 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5250 resistance holds on a daily closing basis , support comes at the 1.5200/15138 levels , ahead of the 1.5103 levels (main), a halt is likely , but a cut would open 1.5000/1.4950 next , further down will target the 1.4800 levels..

On the upside , resistance comes at the 1.5250 levels , sustained breakout – daily closing – above the 1.5250 levels will turn outlook neutral and bring recovery towards the 1.5351 levels before the next fall..

In all , as long as 1.5250 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5200/15138 levels ahead of the 1.5103 levels, break of the 1.15250 levels will turn outlook neutral towards the 1.5351 levels before the next fall…

 

GBPUSD Daily Forecast Mar 06 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS