GBPUSD Weekly Forecast Jan 19 2015

uk02 avoswg
uk02 avoswg

Outlook in GBPUSD remains on the downside as long as 1.5150 resistance holds on a weekly closing basis , support comes at the 1.5000 levels , a halt is likely but a cut would open the  1.4900 levels , further down will pave the way towards the 1.4725 levels.

On the upside , resistance comes at the 1.5150 levels , break of the 1.5150 levels on a weekly closing basis will signal short term bottoming and open 1.5365/1.5540 levels before the next possible fall…

In all , as long as 1.5150 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.5000 levels ahead of the 1.4900 levels , sustained trading above the 1.5150 levels will reverse risk towards 1.5365/1.5540 levels before the next possible fall.

 

GBPUSD Weekly Forecast Jan 19 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS