GBPUSD Daily Forecast Nov 11 2015


Outlook in GBPUSD has turned neutral at the moment, resistance comes at the 1.5130 levels, a break will turn outlook neutral towards 1.5200 levels before the next fall. Note that break of 1.5130 on a daily closing basis may expose the 1.5204 levels, If seen, the focus will turn on the 1.5300 levels ahead of the 1.5522 levels.

On the downside, a failure to hold above the 1.5130 levels on a daily closing basis could mean a return to the 1.5000 levels, a cut through the 1.5000 levels will open 1.4900 next, further down, support comes at the 1.4820 levels.

Conclusion: The GBPUSD continues to face downside threats below the 1.5130 levels, above 1.5130 faces an upside risk towards the 1.5200 levels and possibly higher towards the 1.5300 levels.


GBPUSD Daily Forecast Nov 11 2015