GBPUSD Daily Forecast Mar 22 2016

Outlook in GBPUSD has turned neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.4409 levels, and further down couldn’t be ruled out, but downside below 1.4409 should be contained well by the 1.4220 levels where strong rebound is very likely, however; a clear break below 1.4220 will bring another decline towards the 1.4052 levels…

On the upside, immediate resistance comes at the 1.4409 levels, a clear break above this level will restore the upside momentum and recapture the main resistance at the 1.4515 levels…

Conclusion: The GBPUSD continues to consolidate within 1.4220/1.4409 levels…

GBPUSD Daily Forecast Mar 22 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS