GBPUSD Weekly Forecast Mar 23 2015

Uk min
Uk min

Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.5162 levels , a failure to hold above the 1.5162 levels on a weekly closing basis could mean a return to the 1.4634 levels where a cut will open the 1.4385 levels , a halt is likely  but further down will pave the way towards the 1.4000 levels ahead of the 1.3700 levels .

On the upside ,  resistance comes at the 1.5162 levels , a clear break above the 1.5162 levels will suggest short term bottoming and open the 1.5551 levels before the next fall..

In all , as long as 1.5162 resistance holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.0461 levels ahead of the 1.0170 levels , a clear break above the 1.5162 levels will bring limited gains towards the 1.5551 levels before the next fall..

Note that a rejection from the 1.5162 levels followed by a cut below the 1.4634 levels will accelerate the expected bearish move…

GBPUSD Weekly Forecast Mar 23 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS