GBP/USD Tech Scenarios: September 25, 2015
Anton Kolhanov | Sep 25, 2015 02:11AM ET
Main scenario:
The pair is trading along a sideways trend. The downtrend may be expected to continue in case the market drops below support level 1.5170, which will be followed by reaching support level 1.5065.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5285, which will be followed by moving up to resistance level 1.5440.
Weekly Forecast, 21 - 25 September
Main scenario:
The pair is trading along a sideways trend between support 1.5515 and resistance level 1.5625. An downtrend will start as soon, as the pair drops below support level 1.5515, which will be followed by moving down to support level 1.5440 and then to 1.5270.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5700, which will be followed by moving up to resistance level 1.5880.
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.
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Long-term forecast: September - November, 2015
Main scenario:
The pair is trading along a 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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