GBPUSD Daily Forecast Sept 03 2014

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Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the downside as long as resistance 1.6535/1.6643 holds on a daily closing basis , support comes at the 1.6366 levels , a halt is likely , but losing this level would open 1.6240 next , further downside will aim the 1.6100 levels..

On the upside , resistance comes at the 1.6535 levels  ahead of the 1.6643 levels (main), break of 1.6643 levels will turn outlook neutral for retesting the 1.6738 levels before the next fall…….

In all , as long as resistance 1.6535/1.6643 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.6366 levels and possible lower towards the 1.6240 levels, above the 1.6643 levels will turn outlook neutral for retesting the 1.6738 levels before the next fall..

 

GBPUSD  Daily Forecast Sept 03 2014

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