GBP/USD Downtrend To Continue Below 1.4815
Anton Kolhanov | Jan 05, 2016 03:48AM ET
Main scenario:
The pair is trading along a downtrend with target on 1.4630 and then on 1.4470, that may be expected to continue while pair is trading below resistance level 1.4815.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4815, which will be followed by moving up to resistance level 1.5030.
Previous forecast:
Monthly forecast, January 2016
Main scenario:
The pair is trading along a downtrend with target on 1.4630 and then on 1.4470 that may be expected to continue while pair is trading below resistance level 1.4815.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4815, which will be followed by moving up to resistance level 1.5030 - 1.5140.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend with target on 1.4270 - 1.4070 that may be expected to continue while pair is trading below resistance level 1.5030.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5030, which will be followed by moving up to resistance level 1.5440.
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Previous forecast:
Main scenario:
The pair is trading along a downtrend with target on 1.4070, that may be expected to continue while pair is trading below resistance level 1.5440. If market will keeps on moving down below that 1.4070, we may expect the pair to reach next support level 1.3300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.7130.
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