GBPUSD Daily Forecast Sept 17 2014


No change , outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6360/1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support will be 1.5853 , more losses will pave the way towards the 1.5625 levels..

In all , the GBPUSD is likely to consolidate within 1.6051/1.6467 levels before the next move , above the 1.6360/1.6467 levels will open the  1.6615/1.6738 levels , while below the 1.6051 levels will accelerate the bearish move towards the 1.5853/1.5625 levels..


GBPUSD Daily Forecast Sept 17 2014