GBPUSD Weekly Forecast Jul 07 2014

Pound-Dollar-7676-ert

The GBPUSD continued its bullish momentum last week , bottomed at the 1.7007 levels and topped at the 1.7179 levels . This development leaves the pair targeting the 1.7310 levels , a halt is likely , and a top is suggested around this level, but break of the 1.7311 levels will open the 1.7480 next , further upside will aim the 1.7665 levels…

On the downside , support comes at the 1.7051 levels ahead of the 1.6991 levels ( main ) , losing the last one on a weekly closing basis will turn outlook neutral for retesting the 1.6737/1.6692 levels before the next rise…

In all , as long as support  1.6991  holds on a weekly closing basis , outlook in GBPUSD remains on the upside towards the 1.7311 levels, below  1.6991  will turn outlook for the 1.6737/1.6692 levels before the next rise…

 

GBPUSD Weekly Forecast Jul 07 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS