Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
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| GBPUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Jul 13 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5200 | 1.5400 | 1.5200 | Sideways | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.5250 | 1.5600 | 1.6100 | Bearish | Sideways | Bullish | ||
| Anna Coulling | 1.5252 | 1.6250 | 1.5996 | Sideways | Bullish | Bullish | ||
| Claudiu Cazacu | 1.5250 | 1.5100 | 1.5600 | Bearish | Bearish | Sideways | ||
| Esteban Mora | 1.5400 | 1.5300 | 1.5000 | Bearish | Bearish | Bearish | ||
| Gavin Grier-Rees | 1.5500 | 1.4500 | 1.4000 | Sideways | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 1.5620 | 1.5800 | 1.5500 | Bullish | Bullish | Sideways | ||
| ICN.com analysis team | 1.5340 | 1.5265 | 1.4785 | Sideways | Bearish | Bearish | ||
| Joshua Martinez | 1.5560 | 1.5700 | 1.5844 | Sideways | Bullish | Bullish | ||
| Malik Khan | 1.6050 | 1.6000 | 1.5775 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 1.5750 | 1.6000 | 1.5500 | Bullish | Bullish | Sideways | ||
| Valeria Bednarik | 1.5420 | 1.5230 | 1.5000 | Bearish | Bearish | Bearish | ||
| Yohay Elam | 1.5300 | 1.5100 | 1.5400 | Sideways | Bearish | Sideways | ||
| Average | 1.5453 | 1.5480 | 1.5362 | Bearish | Sideways | Sideways | ||
Cable continues to trade in a relatively narrow range and having failed to break through the 1.5750 area we can now expect to see a test of support in the 1.5244 region. This should provide a solid platform for a sustained recovery in due course.
Sterling will continue to be a haven from European troubles, whilst falling against the US dollar as a haven.
Trading below 1.5510 confirms the negative pressure expected during the upcoming period
The GBPUSD 4-hour time frame has been falling bearish looking for a new Fibonacci C. The market has just hit gartley Fibonacci D extenstion indicating the market has a high percentage chance to rally bullish.
The biggest issue of debt crisis still looms over Europe and any negative new from Europe is likely to stop GBP/USD’s rise in its tracks, That why we remain in the sideways or negative territory in the GBP/USD pair in the next coming months.
With all the outflows from the euro-zone to the UK, the pound is still struggling, as does the British economy.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
The Cable is heading towards an important support of 1.52, which should sustain for right now.