GBPUSD Daily Forecast Sept 09 2014


Outlook in GBPUSD  remains on the downside as long as resistance 1.6120/1.6232  holds on a daily closing basis , support comes at the 1.5980  levels , a halt is likely  but a cut will open the 1.5825 levels..

On the upside , resistance comes at the 1.6120  levels ahead of the 1.6232 levels (main) , a clear beak – sustained trading above the 1.6232 levels  will turn outlook neutral for retesting the 1.6340/1.6496  levels before the next fall.

In all , as long as resistance 1.6232 holds on a daily closing basis , outlook in GBPUSD remains on the downside towards the 1.5980 levels and possible lower towards the 1.5825 levels , above the 1.6232 levels will bring rebound towards the  1.6340/1.6496  levels before the next fall….


GBPUSD Daily Forecast Sept 09 2014