GBP/USD: Trading Sideways
Anton Kolhanov | Feb 12, 2016 04:08AM ET
Main scenario:
The pair is trading along an sideways trend between support 1.4360 and resistance 1.4535.
An downtrend will start as soon, as the pair drops below support level 1.4360, which will be followed by moving down to support level 1.4240.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.4535, which will be followed by moving up to resistance level 1.4630.
/h2
Main scenario:
The pair is trading along an sideways trend between support 1.4400 and resistance 1.4630.
An uptrend will start as soon, as the pair rises above resistance level 1.4630, which will be followed by moving up to resistance level 1.4815.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.4400, which will be followed by moving down to support level 1.4240.
Monthly forecast, February 2016: break up of 1.4410 will start uptrend to 1.4815
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Main scenario:
The pair is trading along an sideways trend between support 1.4070 and resistance 1.4410, where an uptrend will start as soon, as the pair rises above resistance level 1.4410, which will be followed by moving up to resistance level 1.4630 and then 1.4815.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.4070, which will be followed by moving down to support level 1.3700.
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along an 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.
Main scenario:
The pair is trading along an 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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