GBP/USD today's market forecast 11/17/11
17 November 2011
Today's forecast
The pair is trading along an downtrend.
The downtrend may be expected to continue from current levels and from resistance level 1.5820, which will be followed by reaching support level 1.5575.
An uptrend will start as soon as the pair rises above resistance level 1.5820, which will be followed by moving up to resistance level 1.5910.
Resistances: 1.5820, 1.5865, 1.5910
Supports: 1.5700, 1.5575
Forecast weekly, November 14 - 18
The downtrend may be expected to continue from current levels and from resistance level 1.5820, which will be followed by reaching support level 1.5575.
An uptrend will start as soon as the pair rises above resistance level 1.5820, which will be followed by moving up to resistance level 1.5910.
Resistances: 1.5820, 1.5865, 1.5910
Supports: 1.5700, 1.5575
Forecast weekly, November 14 - 18
The pair is trading along an sideways trading pattern of figure "triangle".
An uptrend will start from supports levels 1.5910 - 1.5955 and as soon, as the pair rises above resistance level 1.6130, which will be followed by moving up to resistance level 1.6275 and then 1.6415.
An downtrend will start as soon as the pair drops below support level 1.5865, which will be followed by moving down to support level 1.5700 and then 1.5550.
Resistance: 1.6050, 1.6090, 1.6130, 1.6200, 1.6275, 1.6415
Support: 1.5955, 1.5910, 1.5865, 1.5700, 1.5550
Forecast monthly, November
An uptrend will start from supports levels 1.5910 - 1.5955 and as soon, as the pair rises above resistance level 1.6130, which will be followed by moving up to resistance level 1.6275 and then 1.6415.
An downtrend will start as soon as the pair drops below support level 1.5865, which will be followed by moving down to support level 1.5700 and then 1.5550.
Resistance: 1.6050, 1.6090, 1.6130, 1.6200, 1.6275, 1.6415
Support: 1.5955, 1.5910, 1.5865, 1.5700, 1.5550
Forecast monthly, November
The pair is trading along an downtrend and locally in uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.6130, which will be followed by reaching resistance level 1.6275, 1.6475 and then 1.6715.
An downtrend will start as soon as the pair drops below support level 1.5960, which will be followed by moving down to support level 1.5820 amd then 1.5700, 1.5550.
Resistances: 1.6050, 1.6130, 1.6275, 1.6470, 1.6715
Supports: 1.5960, 1.5820, 1.5700, 1.5550, 1.5435
The uptrend may be expected to continue in case the market rises above resistance level 1.6130, which will be followed by reaching resistance level 1.6275, 1.6475 and then 1.6715.
An downtrend will start as soon as the pair drops below support level 1.5960, which will be followed by moving down to support level 1.5820 amd then 1.5700, 1.5550.
Resistances: 1.6050, 1.6130, 1.6275, 1.6470, 1.6715
Supports: 1.5960, 1.5820, 1.5700, 1.5550, 1.5435
Forecast Quarterly: September, October - December
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5800, which will be followed by reaching support level 1.5550 and then 1.5100 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4535 and 1.4100.
An uptrend will start as soon as the pair rises above resistance level 1.6470, which will be followed by moving up to resistance level 1.6715, 1.7040, 1.7800.
Resistances: 1.5960, 1.6050 (strong), 1.6275, 1.6470, 1.6715 (strong), 1.7040 (very strong), 1.7250, 1.7625, 1.7800 (strong)
Supports: 1.5800, 1.5550 (strong), 1.5100 (strong, first target), 1.4900, 1.4535 (strong), 1.4100 (strong, second target)
The downtrend may be expected to continue in case the market drops below support level 1.5800, which will be followed by reaching support level 1.5550 and then 1.5100 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4535 and 1.4100.
An uptrend will start as soon as the pair rises above resistance level 1.6470, which will be followed by moving up to resistance level 1.6715, 1.7040, 1.7800.
Resistances: 1.5960, 1.6050 (strong), 1.6275, 1.6470, 1.6715 (strong), 1.7040 (very strong), 1.7250, 1.7625, 1.7800 (strong)
Supports: 1.5800, 1.5550 (strong), 1.5100 (strong, first target), 1.4900, 1.4535 (strong), 1.4100 (strong, second target)
Yearly forecast, 2010 – 2011.
soon
