GBPUSD Weekly Forecast Mar 09 2015

Uk min
Uk min

Outlook in GBPUSD remains on the downside as long as 1.5428/1.5551 resistance holds on a weekly closing basis , support comes at the 1.5029 levels , sustained breakout – weekly closing – below the 1.5029 levels will open 1.4785 levels , a halt is likely , but a cut would open 1.4228 next , further down will pave the way towards the 1.3500 levels.

On the upside , a failure to hold below the 1.5029 levels could mean a return to the 1.5222 levels ahead of the 1.5428/1.5551 levels (main) , a halt is strongly suggested , however , a clear break above the 1.5551 levels will suggest short term bottoming and pave the way towards the 15825/1.5941 levels.

In all , as long as 1.5428/1.5551 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.4785 levels where a cut will bring sell-off towards the 1.4228 levels. above the 1.5551 will bring rebound towards the 1.5825/1.5941 levels ..

 

GBPUSD Weekly Forecast Mar 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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