GBPUSD – Intraday Forecast 17 Jan 2014

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GBPUSD– Intraday Forecast 17 Jan 2014 (Under Pressure)

Recommendations: SHORT positions below 1.6385 with 1.6330 & 1.6315 as next targets.
Alternative scenario:
The upside breakout of 1.6385 will open 1.6435/1.6465 levels.
Description: 
Intraday bias in GBPUSD is on the downside as long as resistance 1.6385 holds on an hourly basis with risk towards 1.6335 ahead of 1.6315 levels, On the upside, break of 1.6385 on an hourly basis would reverse risks to the upside and bring rebound towards 1.6435 ahead of 1.6465 levels.

 

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