GBP/USD Forecast: Trading Along An Uptrend
Forex Million | Mar 03, 2015 05:10AM ET
GBP/USD Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5390, which will be followed by reaching resistance level 1.5530.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.5390 which will be followed by reaching support level 1.5350.
Previous forecast:
Weekly Forecast, 02 - 06 March
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5630, which will be followed by reaching support level 1.5200 and then to 1.4980.
Alternative scenario:
For uptrend look monthly forecast.
Previous forecast:
Monthly forecast, March - April
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5630, which will be followed by reaching support level 1.4980.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5630, which will be followed by moving up to resistance level 1.6185.
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Previous forecast:
Long-term forecast: January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5530, which will be followed by reaching support level 1.4535 and 1.4100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5530, which will be followed by moving up to resistance level 1.6700.
Previous forecast:
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