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Sunday, July 24, 2016

GBPUSD Outlook : 25 - 29 Jul 2016

High Impact (in red) expected on the following days (GMT +8)
Tue - 10pm
Wed - 4.30pm, 8.30pm, 10pm, 10.30pm
Thu - 2.30am, 8.30pm
Fri - 4.30pm, 8.30pm, 9.45pm, 10pm

Fib levels
100 - 1.27943
61.8 - 1.30561
50 - 1.31375
38.2 - 1.32173
23.6 - 1.33179
0.0 - 1.34791

Weekly
H - 1.33144
L - 1.30643
O - 1.31947
C - 1.31087

Friday
H - 1.32316
L - 1.30782
O - 1.32316
C - 1.31087

Pair has a bearish outlook for the start of the week. Expect a dip to1.30725 and support at 1.30561 for price action. If support is broken, 1.30124, 1.29830, 1.29562, 1.29293, 1.29158, 1.28804.

Resistance levels - 1.31375, 1.31712, 1.32176, 1.32548, 1.32958, 1.33179.




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