GBP/USD today's market forecast 11/10/11
10 November 2011
Today's forecast
The pair is trading along an downtrend.
The downtrend may be expected to continuefrom resistance level 1.5955, which will be followed by reaching support level 1.5820 and then 1.5700.
An uptrend will start as soon as the pair rises above resistance level 1.5955, which will be followed by moving up to resistance level 1.6050.
Resistances: 1.6050, 1.6130, 1.6275
Supports: 1.5820, 1.5700
Forecast weekly, November 07 - 11
The downtrend may be expected to continuefrom resistance level 1.5955, which will be followed by reaching support level 1.5820 and then 1.5700.
An uptrend will start as soon as the pair rises above resistance level 1.5955, which will be followed by moving up to resistance level 1.6050.
Resistances: 1.6050, 1.6130, 1.6275
Supports: 1.5820, 1.5700
Forecast weekly, November 07 - 11
The pair is trading along an sideways trading pattern.
An downtrend will start as soon as the pair drops below support level 1.5955, which will be followed by moving down to support level 1.5820, 1.5700 and then 1.5550.
An uptrend will start 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 1.6475.
Resistance: 1.6050, 1.6130, 1.6275, 1.6470
Support: 1.5955, 1.5820, 1.5700, 1.5550
Forecast monthly, November
An downtrend will start as soon as the pair drops below support level 1.5955, which will be followed by moving down to support level 1.5820, 1.5700 and then 1.5550.
An uptrend will start 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 1.6475.
Resistance: 1.6050, 1.6130, 1.6275, 1.6470
Support: 1.5955, 1.5820, 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.
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