GBP/USD Daily forecast
Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.4245, which will be followed by moving up to resistance level 1.4355.
Alternative scenario:
The downtrend may be expected to continue, while pair is trading below resistance level 1.4245, which will be followed by reaching support level 1.4150 - 1.4070.
previous forecast:
Weekly forecast: huge sideways trend between 1.4070 and 1.4410
Main scenario:
The pair is trading along an sideways trend between support 1.4070, that is looking like a bottom of that downtrend, and resistance 1.4410.
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 to 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.
previous forecast:
Monthly forecast, February 2016: break up of 1.4410 will start uptrend to 1.4815
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.
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.
previous forecast:
Yearly forecast, 2016
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.
