GBP/USD Main scenario:
The market is trading along a downtrend with target on 1.2700, that may be expected to continue, while market is trading below resistance level 1.2845.
Alternative scenario:
An uptrend will start as soon as the market rises above resistance level 1.2845, which will be followed by a move up to resistance level 1.2950.
previous forecast:
Weekly forecast, October 3 - 7: break down of 1.2700 will open target on 1.2450
Main scenario:
The market is trading along a downtrend with target on 1.2700 and if it keeps on moving down below that level, we may expect the market to reach support level 1.2450. The downtrend may be expected to continue, while market is trading below resistance level 1.2950.
Alternative scenario:
An uptrend will start as soon as the market rises above resistance level 1.2950, which will be followed by a move up to resistance level 1.3300.
previous forecast:
Monthly forecast, October 2016: downtrend to 1.2450
Main scenario:
The market is trading along a downtrend with target on 1.2450, that may be expected to continue, while market is trading below resistance level 1.2950.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2950, which will be followed by moving up to resistance level 1.3300.
previous forecast:
Quarterly forecast, July - September, 2016: break down of 1.3118 will open target to 1.2500 - 1.2000
Main scenario:
The pair is trading along an downtrend and if it keeps on moving down below 1.3118, we may expect the pair to reach support level 1.2500 - 1.2000.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.3910, which will be followed by moving up to resistance level 1.4600 and 1.5120.
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.
