GBPUSD Weekly Forecast Jan 26 2015

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UK456 mdy8yt

Outlook in GBPUSD remains on the downside as long as 1.5033 resistance holds on a weekly closing basis , support comes at the 1.4896 levels , a halt is likely but sustained breakout below this level will pave the way towards the 1.4395 levels , losing this level on a weekly closing basis will bring sell-off towards the 1.3500 levels.

On the upside , resistance comes at the 1.5033 levels , sustained breakout above the 1.5033 levels will turn outlook neutral and bring consolidation , but consolidation above the 1.5033 levels should be limited by the 1.5321 levels where fall resumption is likely .

In all , as long as 1.5033 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.4896 levels where a cut will open 1.4395 levels , sustained breakout above the 1.5033 levels will turn outlook neutral and bring limited gains below the 1.5321 levels.

 

GBPUSD Weekly Forecast Jan 26 2015

MARKET DATA

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