GBPUSD: Outlook Remains Higher With Eyes On The 1.5744/1.5815 levels !

forex UK min
forex UK min

With continued upside momentum above the 1.5637 levels. The GBPUSD looks to retake the 1.5744 levels, as a result; as long as 1.5637 holds on a daily closing basis, resistance comes at the 1.5744 levels where a breach will recapture the 1.5815 levels. At this point we need to be careful of losing upside momentum above the 1.5744 levels, since topping within 1.5744/1.5815 range is suggested, however; a break above the 1.5815 levels on a daily closing basis will extend gains towards the 1.5940 levels, further upside will aim the 1.6020 levels.

On the downside, Immediate support comes at the 1.5637 levels, a cut through the 1.5637 levels will look for the 1.5587 levels, below the 1.5587 levels will open the 1.5525 levels, further losses will pave the way to the 1.5472/1.5446 levels before the next possible rise..

In all, as long as 1.5637 support holds on a daily closing basis, outlook in GBPUSD remains higher towards the 1.5744/1.5815 levels, below 1.5637 , expect a corrective pullback above theĀ 1.5472/1.5446 levels before the next possible rise..

 

GBPUSD_ Outlook Remains Higher With Eyes On The 1_5744_1_5815 levels !

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