GBPUSD Weekly Forecast Jun 16 2014

Pound-Dollar-7676-ert

The GBPUSD continued it bullish momentum last week ,topped at the 1.6991 levels and printed support at the 1.6737 levels .This development leaves the pair targeting the 1.7075 levels , a halt is likely , but a break would open 1.7175 next , further upside will aim the 1.7290 levels.

On the downside , support comes at the 1.6845 levels ahead of 1.6737 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 1.6737 levels on a weekly closing basis will reverse risks towards the 1.6563/1.6382 levels , before the next possible rise.

In all , as long as support 1.6737 holds on a weekly closing basis , outlook in GBPUSD remains on the upside towards the 1.7075 levels ahead of the 1.7175 levels .Below 1.6737 will reverse risks towards the 1.6563/1.6382 levels……

 

GBPUSD Weekly Forecast Jun 16 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS