04/06 – GBPUSD outlook eyes on 1.53


Technically daily GBPUSD outlook eyes on 1.53 level. (5:39GMT)

NEWS THAT CAN HAVE AN IMPACT:

  • UK INTEREST RATE DECISION, BOE QE TOTAL (12:00 GMT)
  • USA NONFARM PRODUCTIVITY, UNIT LABOR COSTS (13:30 GMT) 

1.5290 is a key-level and support.

We are waiting for a bullish breakout of 1.5355 level (must be confirmed with the level turning into a support) can still produce hikes up to 1.54 area.

Chart 1: Daily GBPUSD, GBPUSD outlook Chart 1: Daily GBPUSD eyes on 1.53 (Click on the image to enlarge)

But in case of a combination of unexpectedly bad news for the UK economy (and better-than-expected data from the U.S.), GBP/USD can start a correction down to 1.5210 area.

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Chart 2: H4 GBPUSD, GBPUSD outlook Chart 2: H4 GBPUSD (Click on the image to enlarge)

First Support: 1.5310

If breakout then->
->Second Support: 1.5210

If breakout then->
->Third Support: 1.5120

If breakout then->
->First resistance: 1.5355

If breakout then->
->Second resistance: 1.5420

If breakout then->
->Third resistance: 1.5490

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