GBPUSD Daily Forecast Sep 28 2018

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GBPUSD, Bearish With Risk To The1.3000 Levels!

The GBPUSD maintained a bearish momentum yesterday, topped at the 1.3178 levels and bottomed at the 1.3072 levels. This development leaves the pair targeting the 1.3010 levels, a halt is likely and it may test 1.3072 before another fall, however; below 1.3010 will aim the 1.2933 levels, further down, support comes at the 1.2845 levels.

On the upside, resistance comes at the 1.3137 levels ahead of the 1.3178 levels (main), above 1.3178 will turn outlook neutral and pave the way to the 1.3213/1.3268 levels.

Conclusion: The GBPUSD sees downside threats below the 1.3178 levels.

Support: 1.3072, 1.3050, 1.3000, 1.2933

Resistance: 1.3137, 1.3178, 1.3213, 1.3268

Key data/events which may affect GBPUSD today:

  • U.K GDP (YoY) (Q2) at 08:30 GMT
  • U.K GDP (QoQ) (Q2) at 08:30 GMT

Note that data from the U.K is likely to bring a selling opportunity.

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MARKET DATA

UPCOMING ECONOMIC EVENTS