GBPUSD Daily Forecast Mar 17 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.4850/1.4892 resistance holds on a daily closing basis , support comes at the 1.4700 levels , a halt is likely , but a cut – sustained breakout – below the 1.4700 levels would open 1.4500 next , further down will target the 1.4350 levels.

On the upside , resistance comes at the 1.4850/1.4892 levels  , sustained breakout – daily closing above the 1.4892 levels will suggest short term bottoming and open 1.5029 levels before the next fall…..

In all ,as long as 1.4850/1.4892  resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.4700 levels ahead of the 1.4500 levels , above the 1.4892 levels will turn outlook neutral and bring limited gains below the 1.5029 levels before the next possible fall….

 

GBPUSD Daily Forecast Mar 17 2015

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