GBP/USD Technical Scenarios: September 30, 2015
Anton Kolhanov | Sep 30, 2015 03:05AM ET
Main scenario:
The GBP/USD pair is trading along an downtrend with target on 1.5065 and may be expected to continue while pair is trading below resistance level 1.5230.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5230, which will be followed by moving up to resistance level 1.5340.
Main scenario:
The pair is trading along an downtrend that may be expected to continue in case the market drops below support level 1.5160, which will be followed by reaching support level 1.5065 and 1.4970.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5240, which will be followed by moving up to resistance level 1.5340, 1.5440 and 1.5515.
Main scenario:
The pair is trading along an sideways trend between resistance 1.5515 and support 1.5160 levels. A downtrend will start as soon as the pair drops below support level 1.5160, which will be followed by moving down to support level 1.4970 and then to 1.4800.
Alternative scenario:
An local uptrend will start as soon as the pair rises above resistance level 1.5285, which will be followed by moving up to resistance level 1.5515 and if it keeps on moving up above that level, we may expect start of main uptrend and the pair to reach resistance level 1.5880.
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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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