GBPUSD Daily Forecast Sept 23 2014

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Outlook in GBPUSD remains neutral at the moment , main support comes at the 1.6245 levels , while main resistance comes at the 1.6525 levels…

On the upside , minor resistance comes at the 1.6408 levels , sustained trading – daily closing – above the 1.6408 levels will build pressure on the 1.6525 levels , a halt is strongly suggested , but a clear break above the 1.6525 will open 1.6630 next , further upside will aim the 1.6770 levels.

On the downside , a failure to hold above the 1.6408 levels could mean a return to the 1.6245 levels , a halt is likely , but a clear break below the 1.6245 level will bring free fall towards the 1.6051 levels where a cut will open 1.5853 levels…..

In all , the GBPUSD is likely to consolidate within 1.6245/1.6525 levels before the next move….below 1.6245 will fall towards the 1.6051 levels while above the 1.6525 will aim the 1.6630 levels…

 

GBPUSD Daily Forecast Sept 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS