GBPUSD Daily Forecast Oct 12 2018

Pound - dollar-986565 (1)

GBPUSD: Outlook Remains Higher To 1.3295 Levels!

As long as 1.3178 broken resistance turned support, holds on a daily closing basis, the GBPUSD remains on the upside to 1.3295 levels, a halt is likely but a break would the 1.3362 levels, further upside, resistance comes at the 1.3445 levels.

On the downside, support comes at the 1.3214 levels ahead of the 1.3178 levels, below 1.3178 sees would open 1.3129 levels (main), If 1.3129 fails to hold the pair will see a corrective pullback to 1.3000 levels.

Conclusion: The GBPUSD continues to face upside threats above 1.3129 levels.

Support: 1.3214, 1.3178, 1.3129,1.3000

Resistance: 1.3295, 1.3362, 1.3445, 1.3527

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