GBPUSD Daily Forecast Nov 20 2015

blank

Outlook in GBPUSD has turned to the upside, support comes at the 1.5235 levels while resistance comes at the 1.5335 levels, a break would open 1.5400 next, a halt is likely and a reversal may occur, however; a break through the 1.5400 levels will pave the way towards the 1.5222 levels.

On the downside, support comes at the 1.5235 levels, a clear break below this level will turn outlook neutral towards the 1.5135 levels before the next rise…

Conclusion: The GBPUSD continues to face upside threats above the 1.5235 levels, below 1.5235 faces a pullback risk towards the 1.5135 levels before the next rise…

Note: Minor resistance comes at the 1.5289 levels, a clear break above this level will accelerate the expected bullish move…….

GBPUSD Daily Forecast Nov 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS