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GBP/USD forecast

wiyonofx Publié 28 fév comme Analyse sur GBP/USD, Cible: 1.6966, Date: 1 de avril, 12:00 GMT dans #Technical analysis #GBP/USD

On monthly chart, GBP/USD show bullish trend with dominant bull candle since last july. This currency touch Resistance (R1) at 1.6730, if this level is broken, the price will go north to next resistance (R2) at 1.7200
On weekly chart, GBP/USD seems hard to break resistance . As long as the price trade above support 1.6580, buy order still on, and my forecast, this pair will break R1 and straight go to R2 and then bounce to middle level at 1.6966

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GBP/USD on bullish track

wiyonofx Publié 30 déc comme Analyse sur GBP/USD, Cible: 1.6704, Date: 3 de février, 12:00 GMT dans #Technical analysis #GBP/USD #GBP/USD Forecast

On the monthly chart, since 2009 GBP/USD limit by resistance at 1.6740. This line touched again in april 2011, and with bullish pressure, this pair ready to touch or break this resistance.
When we look detail on daily chart, there is a minor support at 1.6250. With SMA 200 under the price, i still believe this pair still on bullish trend with support at 1.6250 and resistance at 1.6740, and when this resistance break, this pair will show strong bullish pressure.

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GBP/USD forecast

GBP/USD on bullish track