GBPUSD – Daily Analysis – 25th January, 2016

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

Currency Event Impact Actual Forecast Previous
GBP CBI Industrial Order Expectations Low -10 -7

4 Hours Chart

Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
GBPUSD 1.4193 1.4120 1.4035 1.4351 1.4436 1.4509
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