GBPUSD Weekly Forecast Feb 09 2015

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UK456 mdy8yt

Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.5351 levels , a failure to hold above the 1.5351 levels could mean a return tot he 1.4950 levels , a halt is likely , but a cut would open 1.4725 next , further down will target the 1.4435 levels.

On the upside , resistance comes at the 1.5351 levels , sustained trading -weekly closing – above the 1.5351 levels will put the pair in  recovery mode but recovery above the 1.5351 levels should be limited by the 1.5539 levels where fall resumption is likely .

In all , as long as 1.5351 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.4950 levels ahead of the 1.4725 levels , above the 1.5351 levels faces a recovery risk towards the 1.5539 levels before the next fall…

 

GBPUSD Weekly Forecast Feb 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS