GBP/USD today's market forecast 10/25/11
25 October 2011
Today's forecast
The pair is trading along an sideways trading pattern.
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 1.5925 and then 1.5820.
An uptrend will start as soon as the pair rises above resistance level 1.6000, which will be followed by moving up to resistance level 1.6050 - 1.6100.
Resistances: 1.6050, 1.6100
Supports: 1.5960, 1.5925, 1.5820, 1.5700
Forecast weekly, october 24 - 28
The pair is trading along an uptrend.
The uptrend may be expected to continuefrom current level (1.6000), which will be followed by reaching resistance level 1.6050 - 1.6100.
An downtrend will start from resistance levels 1.6050 - 1.6100, or as soon, as the pair drops below support level 1.5960, which will be followed by moving down to support level 1.5820 and then 1.5700.
Resistance: 1.6050, 1.6100, 1.6275
Support: 1.5960, 1.5820, 1.5700, 1.5620, 1.5550
Forecast monthly, September
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 if it keeps on moving down below that level, we may expect the pair to reach support level 1.5100.
An uptrend will start as soon as the pair rises above resistance level 1.6050, which will be followed by moving up to resistance level 1.6275, 1.6470 and 1.6715.
Resistances: 1.6050, 1.6275, 1.6470, 1.6715
Supports: 1.5800, 1.5700, 1.5550 (strong, intermediate target), 1.5435, 1.5340, 1.5200, 1.5100 (strong, last target)
The pair is trading along an sideways trading pattern.
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 1.5925 and then 1.5820.
An uptrend will start as soon as the pair rises above resistance level 1.6000, which will be followed by moving up to resistance level 1.6050 - 1.6100.
Resistances: 1.6050, 1.6100
Supports: 1.5960, 1.5925, 1.5820, 1.5700
Forecast weekly, october 24 - 28
The pair is trading along an uptrend.
The uptrend may be expected to continuefrom current level (1.6000), which will be followed by reaching resistance level 1.6050 - 1.6100.
An downtrend will start from resistance levels 1.6050 - 1.6100, or as soon, as the pair drops below support level 1.5960, which will be followed by moving down to support level 1.5820 and then 1.5700.
Resistance: 1.6050, 1.6100, 1.6275
Support: 1.5960, 1.5820, 1.5700, 1.5620, 1.5550
Forecast monthly, September
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 if it keeps on moving down below that level, we may expect the pair to reach support level 1.5100.
An uptrend will start as soon as the pair rises above resistance level 1.6050, which will be followed by moving up to resistance level 1.6275, 1.6470 and 1.6715.
Resistances: 1.6050, 1.6275, 1.6470, 1.6715
Supports: 1.5800, 1.5700, 1.5550 (strong, intermediate target), 1.5435, 1.5340, 1.5200, 1.5100 (strong, last target)
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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