GBPUSD Weekly Forecast Jun 02 2014


Outlook in GBPUSD remains neutral with risk to the downside this week , resistance comes at the 1.6831 levels , stability below this level will keep the pair under pressure with risk towards the 1.6563 levels, a break would open 1.6458 levels before the next possible rise, but ; further downside will aim the 1.6382 levels.

On the upside , resistance comes at the 1.6831 levels , sustained trading –¬†weekly closing above this level – will turn outlook for the 1.6995 levels , a break would open 1.7100 levels ahead of the 1.7200 levels.

In all , as long as long as resistance 1.6831 holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.6563 levels ahead of the 1.6458 levels.


GBPUSD Weekly Forecast Jun 04 2014




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