GBPUSD Daily Forecast Sept 11 2014


Outlook in GBPUSD has turned neutral  with risk to the downside at the moment  , resistance comes at the 1.6229 levels , sustained trading – daily closing – above the 1.6229  levels will bring  recovery towards the 1.6340 levels where a breach will turn focus on the 1.6500 levels , further upside will aim the 1.6643 levels..

On the downside , a failure to hold above the 1.6229 levels could mean a return to the key support 1.6051 where a cut is likely , If seen , next support will be 1.5853 , more losses will pave the way towards the 1.5625 levels..

In all , as long as resistance 1.6229 holds on a daily closing basis , outlook in GBPUSD  remains on the downside towards the 1.6051 levels ahead of the 1.5853 levels , sustained trading above the 1.6229 levels will bring rebound towards the 1.6340/1.6500 levels…


GBPUSD Daily Forecast Sept 11 2014