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GBP/USD, Weekly forecast: downtrend with target on 1.3875

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: Market is rebounding from main resistance level 1.4500 in downtrend with target on support level 1.4150 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.3875. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4500, which will be followed by moving up to resistance level 1.4815.

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