GBPUSD Daily Forecast Oct 28 2014

Outlook in GBPUSD remains neutral at the moment , support comes at the 1.5993 levels while resistance comes at the 1.6108 levels ahead of the 1.6183 levels (main) .

On the upside , resistance comes at the 1.6108 levels , note that stability above the 1.6108 level could bring a higher leg above the 1.6183 levels , If seen , focus will be on the 1.6225 levels , further upside will aim the 1.6285 levels.

On the downside, a consolidation or  stability below the  1.6108 levels could mean a return to the 1.5993 levels ,a cut will open 1.5873 levels , further downside will aim the 1.5800 levels.

In all , the GBPUSD is likely to consolidate within 1.5993/1.6108 levels , a clear break above the 1.6108 levels will open 1.6183 levels ahead of 1.6225 levels, below 1.5993 levels will open 1.5873/1.5800 levels.

 

GBPUSD Daily Forecast Oct 28 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS