GBPUSD Weekly Forecast Oct 26 2015

blank

Medium term outlook in GBPUSD remains neutral with risk to the upside, immediate support comes at the 1.5315 levels ahead of the 1.5185 levels, stability above support levels could mean a return to the 1.5570 levels, a halt is likely, but a break would open 1.5660 next, further upside, resistance comes at the 1.5820 levels.

On the downside, support comes at the 1.5315 levels, below this level will open main support at the 1.5185 levels, further down will open 1.4950 before the next rise…

Conclusion: The GBPUSD continues to face upside threats above the 1.5185/1.5315 levels in the medium term, even in case of a pullback……..

Note: Postive U.S data should be taken as an opportunity to buy the pair on dips……

GBPUSD Weekly Forecast Oct 26 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS