Main scenario:
The GBP/USD pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.5530 which will be followed by reaching resistance level 1.5620.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.5440 which will be followed by moving down to support level 1.5325.
Weekly Forecast, 14-18 September
Main scenario:
The pair is trading along an uptrend with target on 1.5530 that may be expected to continue while the pair is trading above support level 1.5395. In other way from 1.5530 we will have correction to 1.5395.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.5395 which will be followed by moving down to support level 1.5270 and 1.5170.
Monthly Forecast, September 2015
Main scenario:
The pair is trading along an uptrend to 1.4800. The downtrend may be expected to continue while the pair is trading below resistance level 1.5550 which will be followed by reaching support level 1.4800 and if it keeps on moving down below that level we may expect the pair to reach support level 1.4300, or we will have correction to 1.5270.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5550 which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
Long-Term Forecast, September-November 2015
Main scenario:
The pair is trading along an downtrend to 1.4300. The downtrend may be expected to continue while the pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800 and to 1.4300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5550 which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
