GBPUSD Daily Forecast Oct 31 2018

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GBPUSD: Bearish, Eyes On 1.2680 Level…

As long as 1.2775 resistance holds on a daily closing basis, the GBPUSD remains on the downside to 1.2680 level, a halt is likely but a cut would open 1.2625 level, further down, support comes at 1.2533 level ahead of 1.2465 level.

On the upside, resistance comes at 1.2775, above that level sees recovery threats to 1.2865 level before another fall.

Conclusion: The GBPUSD continues to face downside threats below 1.2775 level.

Support:1.2680, 1.2625, 1.2533, 1.2465

Resistance: 1.2775, 1.2865, 1.2950, 1.3015

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