GBPUSD Daily Forecast Oct 01 2014

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The GBPUSD continued its bearish momentum yesterday , printed resistance at the 1.6286 levels ,This development leaves the pair targeting  the 1.6051 levels , a halt is likely , but losing the 1.6051 levels would open 1.5950 next , further downside will aim the 1.5800 levels .

On the upside , resistance comes at the 1.6240 levels ahead of the 1.6286 levels (main) , break of 1.2686 will turn outlook neutral for retesting the 1.6390/1.6525 levels before the next move ..

In all , as long as resistance 1.6286 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.6051 levels ahead of the 1.5950 levels , break of the 1.6286 levels will bring recovery towards the 1.6390/1.6525 levels.

 

GBPUSD Daily Forecast Oct 01 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS