GBPUSD Daily Forecast Mar 13 2020

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Pound - dollar -659856565

GBPUSD: Bearish Eyes Further Weakness…

The GBPUSD remains on the downside as long as it holds below 1.2690 level (broken support turned resistance) on a daily closing basis. Support comes at 1.2550 level ahead of 1.2400 level. A halt is likely but a cut would open 1.2295 next, further down, support comes in the 1.2160 level.

On the upside, resistance comes at 1.2690 levels. Above 1.2690 sees recovery threats to 1.2800/1.2880 levels before another fall…

In conclusion: The GBPUSD sees downside threats below 1.2690 levels…

Support: 1.2555, 1.2400, 1.2295, 1.2160, 1.2000

Resistance: 1.2690, 1.2800, 1.2880, 1.2975, 1.3115

GBPUSD Daily Forecast Mar 13 2020

MARKET DATA

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