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GBP/USD: Uptrend Expected To Continue

GBP/USD: Uptrend Expected To Continue

GBP/USD

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5490, which will be followed by reaching resistance level 1.5740.

Alternative scenario:A downtrend will start as soon as the pair drops below support level 1.5490, which will be followed by moving down to support level 1.5355.

GBP/USD Hourly Chart July 6th-13th

Previous forecast:

GBP/USD Hourly Chart July 1st-9th

Weekly Forecast, July 13th-17th

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5490, which will be followed by reaching resistance level 1.5740.Alternative scenario:A downtrend will start as soon as the pair drops below support level 1.5490, which will be followed by moving down to support level 1.5290.

GBP/USD 4 Hour Chart June 11th-July 10th

Previous forecast:

GBP/USD 4 Hour Chart June 4th-July 3rd

Monthly forecast, July

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5740, which will be followed by reaching support level 1.5290 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4970.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.5740, which will be followed by moving up to resistance level 1.5970 and 1.6200.

GBP/USD Daily Chart December 2014-June 2015

Previous forecast:

GBP/USD Daily Chart November 2014-May 2015

Long-term forecast: January – June 2015

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5530, which will be followed by reaching support level 1.4535 and 1.4100.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.5530, which will be followed by moving up to resistance level 1.6700.

GBP/USD Monthly Chart November 2003-July 2014

GBP/USD Weekly Chart June 2012-November 2014

Previous forecast:

GBP/USD Monthly Chart February 2003-October 2013

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