GBP/USD
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while the pair is trading below the resistance level 1.6885, which will be followed by it reaching support level 1.6765.
Alternative scenario:
An uptrend will start as soon as the pair rises above the resistance level 1.6885, which will be followed by a move up to the resistance level 1.6970.
Previous forecast:
Weekly Forecast, 26 - 30 May
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while the pair is trading below the resistance level 1.6885, which will be followed by it reaching the support level at 1.6725.
Alternative scenario:
An uptrend will start as soon as the pair rises above the resistance level at 1.6885, which will be followed by a move up to the resistance level at 1.6970 and then to 1.7040.
Previous forecast:
Monthly forecast, May - June (updated 05/12/14)
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 1.6700, 1.6470 and then to 1.6250.
Alternative scenario:
An uptrend is not expecting in May.
Previous forecast:
Long-term forecast: May - August
Main scenario:
The pair is trading along an uptrend.
A downtrend has already started from the resistace level at 1.7040, which will be followed by moving down to the support level at 1.6250 and then to 1.5500 - 1.5200.
Alternative scenario:
An uptrend will start as soon as the pair rises above the resistance level at 1.7230, which will be followed by moving up to the resistance levels at1.7800 and 1.9200.
