GBP/USD Trades On Uptrend
Forex Million | Sep 14, 2015 02:52AM ET
Main scenario:
The pair is trading along an uptrend with target on 1.5530, that may be expected to continue while pair is trading above support level 1.5395.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.5395, which will be followed by moving down to support level 1.5270.
Weekly Forecast, 14 - 18 September
Main scenario:
The pair is trading along an uptrend with target on 1.5530, that may be expected to continue, while pair is trading above support level 1.5395. In other way from 1.5530 we will have correction to 1.5395.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.5395, which will be followed by moving down to support level 1.5270 and 1.5170.
Monthly forecast, September, 2015
Main scenario:
The pair is trading along an uptrend to 1.4800.
The downtrend may be expected to continue while pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4300, or we will have correction to 1.5270.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5550, which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
Long-term forecast: September - November, 2015
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Main scenario:
The pair is trading along an downtrend to 1.4300.
The downtrend may be expected to continue while pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800 and to 1.4300.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5550, which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
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