GBPUSD Daily Forecast Sept 18 2014


Outlook in GBPUSD remains neutral at the moment , recovery mode above the 1.6230 levels is expected to be limited by the 1.6360/1.6467 levels , however ; sustained trading – daily closing – above the 1.6467 levels will turn outlook bullish towards the 1.6615/1.6738 levels before the next move…

On the downside , minor support comes at the 1.6230 levels , a clear break – daily closing- below this level should weaken the current bullish correction , If seen , focus will be on main support at the 1.6051 levels , a cut will accelerate the bearish move towards the 1.5853 levels , a halt is likely , but further losses will aim the 1.5625 levels …

In all , as long as long as support 1.6051/1.6230 holds on a daily closing basis , the GBPUSD is likely to resume its recovery mode for retesting the 1.6360/1.6467 levels before the next fall, below the 1.6051 levels will resume the bearish trend towards the 1.5853 levels…



GBPUSD Daily Forecast Sept 18 2014