GBPUSD Daily Forecast May 27 2015

forex UK min
forex UK min

Outlook in GBPUSD remains on the downside as long  as 1.5456 resistance holds on a daily closing basis, support comes at the 1.53354 levels , a halt is likely but a cut would open 1.5235 next, further down will target the 1.5088 levels.

On the upside, resistance comes at the 1.5456 levels (main) , a break will turn outlook neutral and open the 1.5507 levels before the next fall…however; sustained breakout – daily closing – above the 1.5507 levels will pave the way towards the 1.5700 levels..

In all, as long as 1.5507/1.5456 resistance holds on a daily closing basis, outlook in GBPUSD remains on the downside towards the 1.5354 levels ahead of the 1.5235 levels , above 1.5507 faces a recovery risk towards the 1.5700 levels before the next fall..

GBPUSD Daily Forecast May 27 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS