GBP/USD: Uptrend To 1.4315
Anton Kolhanov | Apr 12, 2016 02:11AM ET
GBP/USD
Main scenario:
The pair is trading along an uptrend with target on 1.4315, that may be expected to continue while pair is trading above support level 1.4190.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.4190, which will be followed by moving down to support level 1.4120.
Previous forecast:
Main scenario:
The pair is trading along an uptrend with target on 1.4380 that may be expected to continue, while pair is trading above support level 1.4120.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.4120, which will be followed by moving down to support level 1.3900.
Previous forecast:
Monthly forecast, March 2016: downtrend with target on 1.3700 and 1.3330
Main scenario:
The pair is trading along a sideways trend between support 1.4110 and resistance 1.4450.
The downtrend may be expected to continue in case the market drops below support level 1.4110, which will be followed by reaching support level 1.3900 - 1.3700.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4450, which will be followed by moving up to resistance level 1.4815.
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Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend with target on 1.4270 - 1.4070 that may be expected to continue, while pair is trading below resistance level 1.5030.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5030, which will be followed by moving up to resistance level 1.5440.
Previous forecast:
Main scenario:
The pair is trading along a downtrend with target on 1.4070 that may be expected to continue, while pair is trading below resistance level 1.5440. If market will keeps on moving down below that 1.4070, we may expect the pair to reach next support level 1.3300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.7130.
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