GBPUSD Daily Forecast Sep 25 2018

GBPUSD: Continues To Consolidate

As long as 1.2368 resistance holds on a daily closing basis, the GBPUSD remains in a pullback mode and further down could be seen, but downside below 1.2368 should be contained well by the 1.3050 levels.

On the upside, above 1.3050 will target the 1.3163 levels, above that level will recapture the 1.3268 levels, a halt is likely but a break will restore the upside momentum and aim the 1.3362/1.3445 levels, further upside, resistance comes at the 1.3616 levels.

On the downside, below 1.3050 sees further downside pressure to the 1.2895 levels, next support comes at the 1.2800 levels…

Conclusion: The GBPUSD sees consolidation within 1.3050/1.3268 range…

Note: Upside is limited by 1.3163 levels, above 1.3163 will aim the 1.3268 levels, below 1.3163 could mean a return to the 1.3050 levels.