GBPUSD Daily Forecast Sept 02 2014

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Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6613 levels while support comes at the 1.6566 levels .On the downside , losing the 1.6566 levels on a daily closing basis will aim the 1.6470 levels , a halt is likely , but further losses will look for the 1.6380 levels…

On the upside , a clear break above the 1.6613 levels will turn outlook neutral for retesting the 1.6738 levels and possible higher towards the `1.6838 levels before the next fall..

In all , as long as resistance 1.6613 holds on a daily closing basis , the GBPUSD will remain under pressure with risk towards the 1.6566/1.6470 levels , above the 1.6613 will bring rebound towards the 1.6738 levels and possible higher towards the `1.6838 levels before the next fall.

 

 

GBPUSD Daily Forecast Sept 02 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS