GBPUSD Daily Forecast Oct 22 2015

Outlook in GBPUSD remains neutral with risk to 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.

On the 4 hour chart, the pair is under pressure as long as trades below 1.5466 ,¬†above 1.5466 will turn outlook bullish and open 1.5522, below 1.5466, will keep pushing towards 1.5415 levels…

 

GBPUSD Daily Forecast Oct 22 2015

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