GBP/USD Uptrend To Continue
Forex Million | Aug 18, 2015 05:36AM ET
GBP/USD Forecast
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5620, which will be followed by reaching resistance level 1.5725.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.5620, which will be followed by moving down to support level 1.5500.
Previous forecast:
Weekly Forecast, 17 - 21 August
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5620, which will be followed by reaching resistance level 1.5725 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.5880.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.5620, which will be followed by moving down to support level 1.5500 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.5290.
Previous forecast:
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Monthly forecast, August 2015
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5630, which will be followed by reaching resistance level 1.5740 and then to 1.5880.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.5500, which will be followed by moving down to support level 1.5290 and then to 1.4970.
Previous forecast:
Long-term forecast: January - June 2015
Main scenario:
The pair is trading along a 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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