6th Oct 2014 GBP/USD Analysis


dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast Cable ended the week below 1.6 for the first time since November 2013

 

dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast Next level of clear support stands at 1.59, with 1.596-1.594 a technical support range in September 2013

dollar, Pound, Sterling, Pound Sterling, Sterling Pound, GBP, GBP/USD, GBP/USD Forecast, GBPUSD analysis, GBPUSD outlook, GBPUSD technical analysis, Bank of England, BOE, Mark Carney, U.S Dollar, USD, GBP/USD outlook, GBPUSD forecast

A weaker Pound ended the week below 1.6 as the services sector expansion was lower than expected. Recovery for the U.K is somewhat stagnated and estimates for the PMI and GDP for the 4th quarter is expected to slow, despite economists estimates that they are likely to rise again in Q1 2015

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish 1.59 1.594 1.596 1.6 1.606 1.616

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