Main scenario:
GBP/USD is trading along a sideways trend.
The uptrend may be expected to continue while pair is trading above support level 1.7000, which will be followed by reaching resistance level 1.7090.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.6930, which will be followed by moving down to support level 1.6870 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.6730.
Previous forecast:
Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.6870, which will be followed by reaching resistance level 1.7190.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.6870, which will be followed by moving down to support level 1.6730 - 1.6660.
Previous forecast:
Monthly forecast, June - July (updated 06/02/14)
Main scenario:
The pair is trading along an uptrend.
An downtrend is already started from resistance level 1.7040, which will be followed by moving down to support level 1.6470 and then to 1.6250.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.6870, which will be followed by moving up to resistance level 1.7040 and 1.7230.
Previous forecast:
Long-term forecast: May - August
Main scenario:
The pair is trading along an uptrend.
An downtrend has already started from resistace level 1.7040, which will be followed by moving down to support level 1.6250 and then to 1.5500 - 1.5200.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.7230, which will be followed by moving up to resistance level 1.7800 and 1.9200.
