GBPUSD Intraday Forecast Nov 28 2014

Intraday outlook in GBPUSD remains on the downside as long as resistance 1.5727 holds on a 4-hour closing basis, support comes at the 1.5630 levels where a cut will open 1.5589 next, further losses will aim the 1.5550 levels.

On the upside, resistance comes at the 1.5727 levels, break of the 1.5727 levels on a 4-hour closing basis will turn outlook neutral towards main resistance at the 1.5825 levels before the next fall, however, break of 1.5825 will pave the way towards the 1.5880/1.5945 levels.

In all, as long as resistance 1.5727 holds on a 4-hour closing basis, outlook in GBPUSD remains on the downside towards the 1.5630/1.5589 levels, above 1.5727 will bring rebound towards the 1.5825 levels before the next possible fall…

GBPUSD Intraday Forecast Nov 28 _2014

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