GBPUSD Weekly Forecast Jun 23 2014

Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the upside this week , as long as 1.6991 holds on a weekly closing basis , next resistance comes at the 1.7075 levels , a break would open 1.7175 next , further upside will aim the 1.7290 levels.

On the downside , support comes at the 1.6991 levels , sustained trading – weekly closing below this level will turn outlook neutral for retesting the 1.6917/1.6737 levels before the next possible rise …

In all , as long as support 1.6691 holds on a weekly basis , outlook in GBPUSD remains very bullish with risk towards the 1.7075/1.7175 levels , below 1.6991 will turn outlook neutral for retesting 1.6991/1.6737 levels before the next possible rise ..

 

GBPUSD Weekly Forecast Jun 23 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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