Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

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Monday, May 18, 2015

GBP/USD - British Pound US Dollar Weekly Outlook - 18 May 2015

GBPUSD 

Best Buy & support @ 5554, Resistance & best short level @ 5655 (Current supp), a break above 5756 upside target capped @ 5980 - 6080, However a crack below 5452 downside capped @ 5260 - 5228 - 5128

Now @ 5726

Daily Trend - Firm Bearish

Weekly Trend - Neutral 

Monthly Trend - Firm Bullish

Strategy: Early week its a sell for downside support or target later week its a buy as monthly technicals suggest there is still room for upside 
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