GBPUSD Daily Forecast May 26 2016

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Outlook in GBPUSD remains on the upside as long as 1.4640/1.4600 support holds on a daily closing basis, resistance comes at the 1.4725 levels, a halt is likely and a reversal may occur, however; a break through the 1.4725 level will open 1.4825 next, further upside, resistance comes at the 1.4935 levels…

On the downside, support comes at the 1.4640/1.4600 levels, below 1.4600 faces a pullback risk towards the 1.4472/1.4400 levels before the next rise…

Conclusion: The GBPUSD continues to face upside threats above the 1.4640/1.4600 levels…

GBPUSD Daily Forecast May 26 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS