GBPUSD Weekly Forecast Sept 08 2014

Pound-Dollar-7676-ert

Outlook in GBPUSD remains on the downside as long as resistance 1.6271 holds on a weekly closing basis , support comes at the 1.6058 levels , losing this level will open 1.5853 next , a halt is likely , but further losses will aim the 1.5500 levels..

On the upside , resistance comes at the 1.6271 levels , ¬†sustained trading above this level will turn outlook neutral for retesting the 1.6382/1.6451/1.6643 levels before the next fall…

In all , as long as resistance 1.6271 holds on a weekly closing basis , outlook in GBPUSD remains on the downside towards the 1.6058 levels ahead of the 1.5853 levels , sustained trading above the 1.6271 levels will turn outlook neutral for retesting the  1.6382/1.6643 levels before the next fall..

 

GBPUSD Weekly Forecast Sept 08 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS