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GBP/USD: Downtrend To 1.4135

GBP/USD: Downtrend To 1.4135

Main scenario:GBP/USD pair is trading along a downtrend with target on 1.4135 that may be expected to continue while pair is trading below resistance level 1.4400.

Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.4400, which will be followed by moving up to resistance level 1.4535.

GBP/USD H4 Chart

Previous forecast:

GBP/USD H1 Chart

Weekly forecast, Apr 11 – 15: uptrend to 1.4380

Main scenario:The pair is trading along an uptrend with target on 1.4380 that may be expected to continue while pair is trading above support level 1.4120.

Alternative scenario:A downtrend will start as soon as the pair drops below support level 1.4120, which will be followed by moving down to support level 1.3900.

GBP/USD H4 Chart

Previous forecast:

GBP/USD H4 Chart

Monthly forecast, March 2016: downtrend with target on 1.3700 and 1.3330

Main scenario:The pair is trading along a sideways trend between support 1.4110 and resistance 1.4450.The downtrend may be expected to continue if the market drops below support level 1.4110, which will be followed by reaching support level 1.3900 – 1.3700.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.4450, which will be followed by moving up to resistance level 1.4815.

GBP/USD Daily Chart

Previous forecast:

GBP/USD Daily Chart

Quarterly forecast, January – March, 2016

Main scenario:The pair is trading along a downtrend with target on 1.4270 – 1.4070 that may be expected to continue while pair is trading below resistance level 1.5030.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.5030, which will be followed by moving up to resistance level 1.5440.

GBP/USD Weekly Chart

Previous forecast:

GBP/USD Weekly Chart

Yearly forecast, 2016

Main scenario:The pair is trading along a downtrend with target on 1.4070 that may be expected to continue while pair is trading below resistance level 1.5440. If market will keep on moving down below 1.4070, we may expect the pair to reach next support level 1.3300.

Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.7130.

GBP/USD Monthly Chart

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