GBPUSD Daily Forecast Sept 23 2014


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