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.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| GBPUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Jul 20 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5400 | 1.5700 | 1.5500 | Bearish | Sideways | Sideways | ||
| Claudiu Cazacu | 1.5515 | 1.5250 | 1.5680 | Bearish | Bearish | Sideways | ||
| Derek Frey, CTA | 1.5500 | 1.5900 | 1.6100 | Bearish | Bullish | Bullish | ||
| Gavin Grier-Rees | 1.5500 | 1.5000 | 1.4500 | Bearish | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 1.5580 | 1.5800 | 1.5500 | Bearish | Bullish | Sideways | ||
| ICN.com analysis team | 1.5510 | 1.5265 | 1.4780 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.5500 | 1.5500 | 1.5500 | Bearish | Bearish | Sideways | ||
| Joshua Martinez | 1.5800 | 1.6200 | 1.5800 | Bullish | Bullish | Bullish | ||
| Malik Khan | 1.5760 | 1.5580 | 1.5425 | Bullish | Sideways | Bearish | ||
| Mauricio Carrillo | 1.5500 | 1.5750 | 1.5500 | Bearish | Bullish | Sideways | ||
| Valeria Bednarik | 1.5520 | 1.5260 | 1.5000 | Bearish | Bearish | Bearish | ||
| Yohay Elam | 1.5600 | 1.5200 | 1.5400 | Sideways | Bearish | Bearish | ||
| Average | 1.5557 | 1.5534 | 1.5390 | Bearish | Bearish | Bearish | ||
Here at FX Market Report we have been targetting EUR GBP at 0.7000 from above 0.85+. This puts support under Cable even as EUR USD looks set to crumple.
A break below 1.5510 is required to confirm the bearish scenario
With another QE round by the Bank of England and a possible rate cut on the mid-term horizon, the GBP could continue to feel the pressure and could stay confined in its current range between $1.54 and $1.58.
I have the GBPUSD daily time frame in a large consolidation range. The market is half way between support and resistance. I'm expecting continuation of bullish movement.
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.
The pound seems to be immune to more QE in the UK as the Olympic Games begin
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.
Cable getting ahead of itself