GBPUSD Daily Forecast Mar 31 2014


The GBPUSD maintained a bullish momentum last Friday, bottomed at the 1.6595 levels and topped at the 1.6650 levels. This development leaves the pair targeting the 1.6700 levels. A halt is likely but a break of the 1.6700 levels will open the 1.6770 levels, further upside will aim the 1.6850 levels.

On the downside, support comes at the 1.6595 levels, losing this level on a daily closing basis will suggest short term topping and reverse risks towards the 1.6500 levels ahead of the 1.6458 levels …

In all, as long as support 1.6595 holds on a daily basis, the GBPUSD will remain biased on the upside towards the 1.6700/1.6770 levels, losing the 1.6595 levels will reverse risks towards the 1.6500/1.6458 levels…

GBPUSD Daily Forecast Mar 31 2014