Date: 25th January, 2016
Currency Pair: GBPUSD
GBPUSD is now trending towards up. We can expect the pair would able to advance towards up. We can find 1st resistance at 1.4351 price level. Once it is broken the price would able to approach 1.4436 price level i.e. 2nd resistance and then 1.4509 will come into play which is 3rd resistance for today.
On flip side 1.4193 is offering 1st support for today. Below this level 1.4120 and 1.4035 are subsequent support levels.
GBPUSD pair has been able to recover from a bearish territory. There is no significant news events for today. So we can expect the pair would able to follow a good upward trend. But before that the pair must cross 1.4351 price level. Beas is bullish.
Today’s Economic Events
|GBP||CBI Industrial Order Expectations||Low||-10||-7|
4 Hours Chart
Daily Support And Resistance Levels