GBPUSD Daily Forecast Oct 16 2015

Uk cable min
Uk cable min

Outlook in GBPUSD remains on the upside as long as 1.5415 support holds on a daily closing basis, resistance comes at the 1.5522 levels, above 1.5522 will open 1.5585 next, a halt is likely, but a break will turn focus on the 1.5685/1.5720 levels before the next fall…

On the downside, immediate support comes at the 1.5415 levels, below 1.5415 will look for the 1.5345 levels, with a break below 1.5345 paving the way towards the 1.5223 levels before the next rise.

Conclusion: The GBPUSD continues to face upside threats in the short term above the 1.5415 levels, below 1.5415 faces a pullback risk towards the 1.5345/1.5223 levels before the next rise.

 

GBPUSD Daily Forecst Oct 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS