GBPUSD Daily Forecast Nov 10 2014

Outlook  in GBPUSD remains on the downside as long as resistance 1.5941 holds on a daily closing basis , support comes at the 1.5789 levels , a cut would open 1.5725 next , further downside will aim the 1.5600 levels.

On the upside , resistance comes at the 1.5941 levels , a break will turn focus on the 1.6022 levels , further upside will extend recovery towards the 1.6125/1.6183 levels.

In all , as long as resistance 1.5941 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5789/1.5725 levels ahead of the 1.5600 levels . Above  the 1.5941 levels faces a recovery risk towards the 1.6022 levels ahead of the 1.6125/1.6183 levels.

 

GBPUSD Daily Forecast Nov 10 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. GBPUSD Nov 10 2014 update :
    On the 4 hour chart , support comes at the 1.5881 levels, a clear break below this level will open 1.5789 levels, while stability above this level could extend recovery towards the 1.6022 levels.

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