GBPUSD Weekly Forecast 27 – 31 Jan

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GBPUSD Weekly Forecast 27 – 31 Jan  (Neutral )

Recommendations: LONG positions above 1.6400 with 1.6585 & 1.6667 as next targets.

Alternative scenario:The downside breakout of 1.6400 will bring a slide to 1.6350/1.6260.

Description: Outlook in GBPUSD is neutral this week with risk to the upside as long as support 1.6400 holds on a daily basis , resistance comes at the 1.6585 levels , above this level will turn focus on the 1.6667 levels ,further out will aim the 1.6745 levels.On the downside , losing the key support 1.6400 will bring consolidations and turn focus on the 1.6350 ahead of 1.6260, but downside below 1.6400 is likely to be contained well above 1.6260 , losing this level would open the psychological level 1.6000

Support & Resistance : 1.6170 , 1.6260 , 1.6345 , 1.6400 (Pivot) , 1.6507 , 1.6585 , 1.6667, 1.6745

GBPUSD Weekly Forecast 27 - 31 Jan

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. Hi there!Others have voiced my confusion above, but it’s great sometimes to add to your melee. I have been signed up since the middle of January, but have three letters. They’re wonderful letters! But similarly, I’d like to know if this is just the process from the dust settling or if this is to be expected?Thanks!

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