GBPUSD Daily Forecast Oct 27 2015


Short term outlook in GBPUSD remains at the moment, the pair is in a pullback mode as long as trades below 1.51415 levels on a daily closing basis, and further down couldn’t be ruled out, immediate support comes at the 1.5300 levels, a halt is likely and a reversal may occur, however, a cut through the 1.5300 levels will extend the pullback towards the 1.5223 levels, further down, support comes at the 1.5130 levels.

On the upside, resistance comes at the 1.5415 levels, a break will restore the upside momentum and open the 1.5522 levels, further upside, resistance comes at the 1.5585 levels.

Conclusion: The GBPUSD continues to consolidate within 1.5300/1.5415 range……

GBPUSD Daily Forecast Oct 27 2015




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