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GBP/USD, Weekly forecast, Mar 14 - Mar 18: sideways trend between support 1.4210 and...

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an downtrend with target on 1.4210, that may be expected to continue, while pair is trading below resistance level 1.4450. ALso downtrend may be expected to continue in case the market drops below support level 1.4210, which will be followed by reaching support level 1.3875. 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 1.4660.

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