GBPUSD Daily Forecast May 28 2015

forex UK min
forex UK min

Outlook in GBPUSD remains on the downside as long as 1.5507/1.5456 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, the 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 28 2015

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