GBPUSD Daily Forecast Sept 14 2015

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forex UK min
forex UK min

Outlook in GBPUSD remains on the upside as long as 1.5393/1.5338 support holds on a daily closing basis, resistance comes at the 1.5560 levels, a halt is likely, but a break would open 1.5685 next, further upside , resistance comes at the 1.5770/1.5825 levels.

On the downside, support comes at the 1.5393 levels ahead of the 1.5338 levels (main), below 1.5338, should weaken the current bullish run and open the 1.5270 levels before the next rise.

Conclusion: As long as 1.5338/1.5393 support holds on a daily closing basis, outlook in GBPUSD remains on the upside towards the 1.5560 levels, below 1.5338, faces a pullback risk towards the 1.5270 levels before the next rise.

Note: Intraday support comes at the 1.5420 levels, stability above this level on a 4-hour closing basis, will keep pushing towards daily chart resistance 1.5560, below 1.5420 will open daily chart support 1.5393/1.5338 before the next rise…

GBPPUSD Daily Forecast Sept 14 2015

 

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