[B][U]Forecast for GBP/USD Friday 23 April 2015[/U][/B]
Support 1: 1.4940
Support 2: 1.4843
Resistance 1: 1.5106
Resistance 2: 1.5176
Current upmove should be ended around 1.5058 - 1.5106. Any correction consolidation should find support in 1.4975 - 1.4940 zone.
[B][U]Forecast for GBP/USD Friday 27 April 2015[/U][/B]
Support 1: 1.5076
Support 2: 1.4973
Resistance 1: 1.5235
Resistance 2: 1.5289
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5212 or 1.5235 if support around 1.5131 hold. After which a pullback to 1.5131 - 1.5104 zone is possible.
[B][U]Forecast for GBP/USD Friday 28 April 2015[/U][/B]
Support 1: 1.5142
Support 2: 1.5047
Resistance 1: 1.5297
Resistance 2: 1.5356
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5290 or 1.5297 if support around 1.5202 hold. After which a pullback to 1.5202 - 1.5172 zone is possible.
[B][U]Forecast for GBP/USD Friday 29 April 2015[/U][/B]
Support 1: 1.5230
Support 2: 1.5120
Resistance 1: 1.5396
Resistance 2: 1.5453
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5355 or 1.5396 if support around 1.5286 hold. After which a pullback to 1.5286 - 1.5258 zone is possible.
[B][U]Forecast for GBP/USD Friday 30 April 2015[/U][/B]
Support 1: 1.5344
Support 2: 1.5251
Resistance 1: 1.5514
Resistance 2: 1.5591
While below 1.5468 - 1.5514 it is more likely to fall further towards 1.5382 or 1.5344. Premature rise above 1.5514 could see it rising above 1.5591 zone.
[B][U]Forecast for GBP/USD Friday 5 May 2015[/U][/B]
Support 1: 1.5082
Support 2: 1.5044
Resistance 1: 1.5166
Resistance 2: 1.5213
It may meet resistance in 1.5119 - 1.5128 zone for a drift down to 1.5082 zone, after which bounce to 1.5166 is anticipated.
[B][U]Forecast for GBP/USD Friday 8 May 2015[/U][/B]
Support 1: 1.5181
Support 2: 1.5117
Resistance 1: 1.5293
Resistance 2: 1.5340
After this rise, a correction is expected.
[B][U]Forecast for GBP/USD Friday 12 May 2015[/U][/B]
Support 1: 1.5448
Support 2: 1.5311
Resistance 1: 1.5669
Resistance 2: 1.5751
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5734 or 1.5669 if support around 1.5531 hold. After which a pullback to 1.5531 - 1.5490 zone is possible.
[B][U]Forecast for GBP/USD Friday 13 May 2015[/U][/B]
Support 1: 1.5582
Support 2: 1.5493
Resistance 1: 1.5736
Resistance 2: 1.5800
While below 1.5691 - 1.5736 it is more likely to fall further towards 1.5614 or 1.5582. Premature rise above 1.5736 could see it rising above 1.5800 zone.
[B][U]Forecast for GBP/USD Friday 14 May 2015[/U][/B]
Support 1: 1.5663
Support 2: 1.5580
Resistance 1: 1.5799
Resistance 2: 1.5852
Currently uptrend should end around 1.5813 - 1.5799 area. A correction down to below 1.5663 is expected. A rise above 1.5852 will abort the expected correction.
[B][U]Forecast for GBP/USD Friday 21 May 2015[/U][/B]
Support 1: 1.5477
Support 2: 1.5417
Resistance 1: 1.5592
Resistance 2: 1.5648
It should test 1.5548 area after which a sell off down to 1.5477 or extended to 1.5417 area is expected.
[B][U]Forecast for GBP/USD Friday 22 May 2015[/U][/B]
Support 1: 1.5558
Support 2: 1.5455
Resistance 1: 1.5732
Resistance 2: 1.5803
Current rise seems to be over near 1.5681 or 1.5732 for a retracement towards 1.5629 - 1.5593 area.
[B][U]Forecast for GBP/USD Friday 26 May 2015[/U][/B]
Support 1: 1.5449
Support 2: 1.5428
Resistance 1: 1.5500
Resistance 2: 1.5530
It may meet resistance in 1.5471 - 1.5479 zone for a drift down to 1.5449 zone, after which bounce to 1.5500 is anticipated.
[B][U]Forecast for GBP/USD Friday 27 May 2015[/U][/B]
Support 1: 1.5334
Support 2: 1.5284
Resistance 1: 1.5455
Resistance 2: 1.5526
It looks set to visit further lower territory down to around 1.5369 - 1.5334. Its corrective attempts should fail ahead of 1.5430 - 1.5455. Stop loss above 1.5526 zone.
[B][U]Forecast for GBP/USD Friday 28 May 2015[/U][/B]
Support 1: 1.5291
Support 2: 1.5228
Resistance 1: 1.5427
Resistance 2: 1.5500
One more dip to 1.5327 - 1.5291 is likely followed by a grind higher to 1.5395 - 1.5427. After which it can resume its downtrend.
Technical analysis GBP/USD
In the morning session on June 9th in London the pound is steady against the US dollar in the expectation of the trade balance. If during the trades today the market goes above 1.5430, there might be a further rise to 1.5468 and then up to 1.5510. In case of the downwards breach of 1.4285, the bears can push the market down to 1.5246 and 1.5208.
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[B]Forex News from New Forex: Technical analysis of GBP/USD[/B]
The pair has a bullish sentiment today attempting to test the nearest resistance at 1.5950. If it manages to pass through this level successfully today, the price might go to 1.5990 and later to 1.6030. The trading instrument is highly overbought. The key resistance level for the market is the price near 1.6180 overcoming which the pound might get to 1.6520. Short positions are highly risky at the moment at least until the market holds below 1.5165.
[B]Forex News from New Forex: Technical analysis of GBP/USD[/B]
The trading instrument keeps edging up against the US dollar. The nearest level of resistance at 1.5920 is tested with the intention to go further to 1.5960. In case of its successful breach, it aims for a psychologically significant price at 1.600 dollars for the pound.
In the tradings today the levels of support are 1.5860, 1.5820 and 1.5780. The market trend is bullish but the instrument is a bit overbought. This fact might lead to the pullback from one of the levels of resistance which can provide a good opportunity to enter the market with short positions.
[B]Forex News from New Forex: Technical analysis of GBP/USD[/B]
The pair has a neutral range today with support at 1.5667 (Wednesday min) and resistance at 1.5757. In case it manages to pass through this level successfully, the market will test resistance at 1.5990. In the end of last trading session the market has formed a bullish candle, so we may see Sterling in the area of strong resistance at 1.5929 (max june 18). But this scenario has not much ground, unless with help of fundamental factors.
[B]Forex News from New Forex: Technical analysis of GBP/USD[/B]
Today’s trades have a small bullish advantage with the next support level at 1.5428 and the resistance at 1.5551. With the bearish scenario, the following target price will be at 1.5329 (min of July 8). According to the MACD and RSI oscillators, there is a strong possibility that the bears will succeed. In another way the market will have to overcome resistance level at 1.5551 and 1.5609 with the target at 1.5643 and then at 1.5788.
