GBPUSD Monthly Forecast Apr 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.4987/1.5551 resistance holds on a monthly closing basis , support comes at the 1.4634 levels , losing the 1.4634 levels will open 1.4400 levels , a halt is likely but a cut would open  1.4000 next , further down will target the 1.3700 levels..

On the upside , resistance comes at the 1.4987 levels ahead of the 1.5551 levels (main) , break of the 1.5551 levels on a monthly closing basis will suggest short term bottoming and open the 1.6051/1.6643 levels …

In all , as long as 1.4987/1.5551 resistance holds on a monthly closing basis , long term outlook in GBPUSD remains on the downside towards the 1.4634 levels ahead of the 1.4400/1.4000 levels , above 1.5551 faces a recovery risk below the 1.6051/1.6643 levels before the next fall…

 

GBPUSD Monthly Forecast Apr 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS