GBP/USD Technicals: September 4, 2015
Forex Million | Sep 04, 2015 07:05AM ET
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5210, which will be followed by reaching support level 1.5030.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5280, which will be followed by moving up to resistance level 1.5430 and then to 1.5515.
Previous forecast:
Weekly Forecast, 31 August - 04 September (new will be from the next week)
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5520, which will be followed by reaching support level 1.5270.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5520, which will be followed by moving up to resistance level 1.5620 and then to 1.5725.
Previous forecast:
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:
An 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.
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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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