GBP/USD today's market forecast 02/27/12
27 February 2012
Today's forecast
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5895, which will be followed by reaching resistance level 1.5970 and then 1.6080.
An downtrend will start as soon as the pair drops below support level 1.5810, which will be followed by moving down to support level 1.5665.
Resistances:1.5895, 1.5970, 1.6080
Supports: 1.5845, 1.5810, 1.5665
Forecast weekly, February 27 - Murch 02
The uptrend may be expected to continue in case the market rises above resistance level 1.5895, which will be followed by reaching resistance level 1.5970 and then 1.6080.
An downtrend will start as soon as the pair drops below support level 1.5810, which will be followed by moving down to support level 1.5665.
Resistances:1.5895, 1.5970, 1.6080
Supports: 1.5845, 1.5810, 1.5665
Forecast weekly, February 27 - Murch 02
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5895, which will be followed by reaching resistance level 1.6080.
An downtrend will start as soon as the pair drops below support level 1.5810, which will be followed by moving down to support level 1.5665.
Resistance: 1.5895, 1.6080
Support: 1.5845, 1.5810, 1.5665
Forecast monthly, February
The uptrend may be expected to continue in case the market rises above resistance level 1.5895, which will be followed by reaching resistance level 1.6080.
An downtrend will start as soon as the pair drops below support level 1.5810, which will be followed by moving down to support level 1.5665.
Resistance: 1.5895, 1.6080
Support: 1.5845, 1.5810, 1.5665
Forecast monthly, February
The pair is trading along an uptrend.
The uptrend may be expected to continue from support levels 1.5620 - 1.5710, which will be followed by reaching resistance level 1.6050 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.6415.
Resistances: 1.5955, 1.6050, 1.6415
Supports: 1.5710, 1.5620, 1.5535
The uptrend may be expected to continue from support levels 1.5620 - 1.5710, which will be followed by reaching resistance level 1.6050 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.6415.
Resistances: 1.5955, 1.6050, 1.6415
Supports: 1.5710, 1.5620, 1.5535
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
