Outlook in GBPUSD remains on the downside as long as 1.5009 resistance holds on a daily closing basis , support comes at the 1.4687 levels , losing this level will look for the 1.4557 levels a halt is likely , but a cut – sustained breakout – below the 1.4557 levels would open 1.4400 next , further down will target the 1.4215 levels.
On the upside , resistance comes at the 1.5009 levels , sustained breakout – daily closing above the 1.5009 levels will suggest short term bottoming and open 1.5126/1.5351 levels before the next fall…..
In all ,as long as 1.5009 resistance holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.4557 levels ahead of the 1.4400 levels , above the 1.5009 levels will turn outlook neutral and bring limited gains below the 1.5162/1.5351 levels before the next possible fall….
Intraday : As long as 1.4860 resistance holds on a 4 hour closing basis , the pair remains under pressure , above 1.4860 will open 1.5000 before the next fall…
Update : Mar 27 2015 at 13:13 GMT
GBPUSD : As long as 1.4795 support holds on a 4 hour closing basis , further upside is likely towards the 1.5000 levels even in case of a pullback , only a clear break below the 1.4795 levels will invalid this view !!!!