GBPUSD Daily Forecast Mar 11 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5135 resistance holds on a daily closing basis , support comes at the 1.5029 levels , a halt is likely , but a cut would open 1.4888 next , further down will target the 1.4700 levels.

On the upside , resistance comes at the 1.5135 levels (main) , stability below this level will keep the pair under pressure , however , sustained breakout – daily closing above the 1.5135 levels will suggest short term bottoming and open 1.5351 levels before the next fall…

In all ,as long as 1.5135  resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5029 levels ahead of the 1.4888 levels , above the 1.5135 levels faces a recovery risk towards the 1.5351 levels before the next fall…

 

GBPUSD Daily Forecast Mar 11 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS