GBP/USD today's market forecast 02/01/12
1 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 1.5790, which will be followed by reaching resistance level 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5710, which will be followed by moving down to support level 1.5620.
Resistances: 1.5740, 1.5790, 1.5900
Supports: 1.5710, 1.5665, 1.5620
Forecast weekly, January 30 - 03 February
The uptrend may be expected to continue in case the market rises above resistance level 1.5790, which will be followed by reaching resistance level 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5710, which will be followed by moving down to support level 1.5620.
Resistances: 1.5740, 1.5790, 1.5900
Supports: 1.5710, 1.5665, 1.5620
Forecast weekly, January 30 - 03 February
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820 and then 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535.
Resistance: 1.5710, 1.5820, 1.5900
Support: 1.5665, 1.5620, 1.5535, 1.5425, 1.5355
Forecast monthly, December
The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820 and then 1.5900.
An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535.
Resistance: 1.5710, 1.5820, 1.5900
Support: 1.5665, 1.5620, 1.5535, 1.5425, 1.5355
Forecast monthly, December
The pair is trading along an downtrend.
The downtrend may be expected to continue from current levels (1.5630), which will be followed by reaching support level 1.5435 and then 1.5245.
An uptrend will start as soon as the pair rises above resistance level 1.5700, which will be followed by moving up to resistance level 1.5955 - 1.6050.
Resistances: 1.5700, 1.5935, 1.6050, 1.6275
Supports: 1.5580, 1.5435, 1.5340, 1.5245
The downtrend may be expected to continue from current levels (1.5630), which will be followed by reaching support level 1.5435 and then 1.5245.
An uptrend will start as soon as the pair rises above resistance level 1.5700, which will be followed by moving up to resistance level 1.5955 - 1.6050.
Resistances: 1.5700, 1.5935, 1.6050, 1.6275
Supports: 1.5580, 1.5435, 1.5340, 1.5245
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
