GBPUSD – Weekly Forecast 08 Jul 2013

Pound-dollar-9865315asdfg.jpg

The GBPUSD continued to decline last week, topped at 15303 and bottomed at 1.4856, now pressure will be on the key support 1.4856, the GBPUSD will have to hold, below the 1.4856 levels on a weekly closing basis to push the market for further downside losses,Is seen it will target the 1.4600 levels where a breach will turn focus on the 1.4300 levels, note that a daily close below 1.4856 is an early warning for further decline towards 1.4700/600 levels.

On the upside, resistance is at 1.5130 ahead of 1.5303, so you may short after rejection on daily from 1.5303/1.5130 levels with a target towards 1.4700 levels, a daily close above 1.5303 would delay the bearish move, but upside above 1.5303 is likely to be contained well by 1.5465 levels before new sell-off starts.

MARKET DATA

UPCOMING ECONOMIC EVENTS

7 COMMENTS

  1. I came across your website and found it very interesting, now i visit it eveyday, but i noticed that it’s hard to find your site in google, i found it on 26th spot, you should
    create some hi PR backlinks. When you will get to google top10 you traffic will increase drastically. I had the same problem with my site, your should search in google for – Insane google ranking boost – it helped my site a lot

  2. I’m commenting to make you understand what a fine experience
    my friend’s girl found browsing your site. She picked up lots of things, with the inclusion of what it’s like to have an incredible teaching nature to get the mediocre ones quite simply grasp a number of extremely
    tough subject matter. You undoubtedly surpassed my expected results.
    Thank you for producing such effective, dependable, informative and
    as well as cool thoughts on the topic to Ethel.

  3. Right here is the perfect web site for anyone who wishes to find out about this topic. You know so much its almost tough to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a subject that’s been written about for many years. Excellent stuff, just excellent!|

  4. Thank you, I have just been searching for info about this topic for a while and yours is the greatest I have came upon till now. But, what concerning the conclusion? Are you sure concerning the source?

  5. Hiya, I’m really glad I have found this info. Today bloggers publish just about gossips and web and this is really frustrating. A good site with exciting content, that is what I need. Thank you for keeping this web site, I will be visiting it. Do you do newsletters? Can not find it.

  6. It¡¦s actually a cool and helpful piece of information. I am glad that you just shared this useful information with us. Please stay us up to date like this. Thank you for sharing.

  7. whoah this weblog is magnificent i like studying your articles. Stay up the good work! You recognize, many individuals are looking around for this information, you can help them greatly.

Comments are closed.