Technical Forex Market Outlook
GBP/USD:
Weekly Forecast: Somewhat lower
Resistance: 1.6092, 1.6130/65, 1.6206, 1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616.
Support: 1.6000, 1.5977, 1.5945, 1.5912/19, 1.5868/90, 1.5630/85, 1.5525/31, 1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.
200-day MA: 1.6137 and flat.
14-day RSI: 56.5 and flat.
