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GBP/USD, Weekly forecast, Apr 4 - 8: sideways trend between 1.410 - 1.4450

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between supprt 1.4110 and resistance 1.4450. The downtrend may be expected to continue in case the market drops below support level 1.4110, which will be followed by reaching support level 1.3900. 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.

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