GBP/USD today's market forecast 12/01/11
1 December 2011
Today's forecast
The pair is trading along an uptrend.
An uptrend will start from support level 1.5655, which will be followed by moving up to resistance level 1.5800 and then 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5610, which will be followed by moving down to support level 1.5435.
Resistances: 1.5725, 1.5800, 1.5900
Supports: 1.5655, 1.5610, 1.5580, 1.5495, 1.5435
Forecast weekly, November 28 - December 02
An uptrend will start from support level 1.5655, which will be followed by moving up to resistance level 1.5800 and then 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5610, which will be followed by moving down to support level 1.5435.
Resistances: 1.5725, 1.5800, 1.5900
Supports: 1.5655, 1.5610, 1.5580, 1.5495, 1.5435
Forecast weekly, November 28 - December 02
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5435, which will be followed by reaching support level 1.5310.
An uptrend will start as soon as the pair rises above resistance level 1.5575, which will be followed by moving up to resistance level 1.5800 - 1.5900.
Resistance: 1.5515, 1.5575, 1.5655, 1.5725, 1.5800, 1.5900
Support: 1.5435, 1.5310
Forecast monthly, November
The downtrend may be expected to continue in case the market drops below support level 1.5435, which will be followed by reaching support level 1.5310.
An uptrend will start as soon as the pair rises above resistance level 1.5575, which will be followed by moving up to resistance level 1.5800 - 1.5900.
Resistance: 1.5515, 1.5575, 1.5655, 1.5725, 1.5800, 1.5900
Support: 1.5435, 1.5310
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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