GBP/USD today's daily forecast 05/02/12
2 May 2012
Today's daily forecast
The pair is trading along an sideways trading pattern.
An downtrend will start as soon as the pair drops below support level 1.6200, which will be followed by moving down to support level 1.6135.
An uptrend will start as soon as the pair rises above resistance level 1.6270, which will be followed by moving up to resistance level 1.6320 and then to 1.6415.
Resistances: 1.6245, 1.6270, 1.6320, 1.6415
Supports: 1.6200, 1.6135, 1.6080, 1.6000
Forecast weekly, April 30 - May 04
An downtrend will start as soon as the pair drops below support level 1.6200, which will be followed by moving down to support level 1.6135.
An uptrend will start as soon as the pair rises above resistance level 1.6270, which will be followed by moving up to resistance level 1.6320 and then to 1.6415.
Resistances: 1.6245, 1.6270, 1.6320, 1.6415
Supports: 1.6200, 1.6135, 1.6080, 1.6000
Forecast weekly, April 30 - May 04
The pair is trading along an uptrend.
The uptrend may be expected to continue from currrent levels, which will be followed by reaching resistance level 1.6415 and then 1.6565.
An downtrend is not expecting.
Resistance: 1.6415, 1.6565
Support: 1.6245, 1.6135, 1.6080, 1.6000, 1.5845, 1.5665
Forecast monthly, March - April
The uptrend may be expected to continue from currrent levels, which will be followed by reaching resistance level 1.6415 and then 1.6565.
An downtrend is not expecting.
Resistance: 1.6415, 1.6565
Support: 1.6245, 1.6135, 1.6080, 1.6000, 1.5845, 1.5665
Forecast monthly, March - April
The pair is trading along an downtrend, that started from resistance levels 1.5900 - 1.5980.
An downtrend will continue while pair is trading below accumulation of resistances level 1.5900 - 1.5980, which will be followed by moving down to support level 1.5665 and then 1.5525.
An uptrend will start as soon as the pair rises above resistance level 1.5980, which will be followed by moving up to resistance level 1.6080 and then to 1.6415.
Resistances: 1.5820, 1.5900, 1.5980, 1.6080, 1.6415
Supports: 1.5665, 1.5525, 1.5355
An downtrend will continue while pair is trading below accumulation of resistances level 1.5900 - 1.5980, which will be followed by moving down to support level 1.5665 and then 1.5525.
An uptrend will start as soon as the pair rises above resistance level 1.5980, which will be followed by moving up to resistance level 1.6080 and then to 1.6415.
Resistances: 1.5820, 1.5900, 1.5980, 1.6080, 1.6415
Supports: 1.5665, 1.5525, 1.5355
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
