GBP/USD Downtrend Expected To Continue While Pair Trades Below 1.5275

GBP/USD Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5275, which will be followed by reaching support level 1.5190 and then to 1.5120.Alternative scenario:An uptrend will start as soon, as the pair rises above resistance level 1.5275, which will be followed by moving up to resistance level 1.5360.

GBP/USD Hourly Chart

Previous forecast:

GBP/USD Previous Hourly Forecast

Weekly Forecast, 8 – 12 June

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5360, which will be followed by reaching support level 1.4970.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 1.5770.

GBP/USD 4-Hour Chart

Previous forecast:

GBP/USD Previous 4-Hour Forecast

Monthly forecast, June

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5440, which will be followed by reaching support level 1.4970 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4620. But if not, we can have correction to 1.5440.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 1.5970.

GBP/USD Daily Chart

Previous forecast:

GBP/USD Previous Daily Forecast

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

GBP/USD Weekly Chart

Previous forecast:

GBP/USD Previous Monthly Forecast

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