GBP/USD Technical Forecast
Forex Million | Jan 23, 2015 05:08AM ET
GBP/USD -- Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5005, which will be followed by reaching support level 1.4870.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5005, which will be followed by moving up to resistance level 1.5050 and 1.5110.
Previous forecast:
Weekly Forecast, 19 - 23 January
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5290, which will be followed by reaching support level 1.4870.
Alternative scenario:
An uptrend start we can expect from support level 1.5290, which will be followed by moving up to resistance level 1.5530.
Previous forecast:
Monthly forecast, January - February
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5090, which will be followed by reaching support level 1.4534.
Alternative scenario:
An uptrend start we can expect from support level 1.5090, which will be followed by moving up to resistance level 1.5530 and 1.5735.
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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.
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