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 27 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5400 | 1.5600 | 1.5500 | Bearish | Bearish | Bearish | ||
| Ani Salama | 1.5900 | 1.5500 | 1.5400 | Bullish | Bearish | Bearish | ||
| Derek Frey, CTA | 1.5500 | 1.5300 | 1.5700 | Bearish | Bearish | Sideways | ||
| Dr. S. Sivaraman | 1.5987 | 1.6433 | 1.6932 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 1.5790 | 1.6100 | - | Bullish | Bullish | - | ||
| ICN.com analysis team | 1.5230 | 1.5230 | 1.4780 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 1.5250 | 1.5500 | 1.5500 | Bearish | Bearish | Bearish | ||
| Joshua Martinez | 1.5800 | 1.6200 | 1.5800 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 1.5500 | 1.5750 | 1.5500 | Bearish | Sideways | Bearish | ||
| Valeria Bednarik | 1.5860 | 1.5620 | 1.5310 | Bullish | Bearish | Bearish | ||
| Yohay Elam | 1.5600 | 1.5200 | 1.5400 | Bullish | Bullish | Bullish | ||
| Average | 1.5620 | 1.5676 | 1.5582 | Bearish | Sideways | Sideways | ||
"Cable getting ahead of itself "
quick upward moves may be seen
With another QE round by the Bank of England and a possible rate cut on the horizon, the GBP could continue to feel the pressure and could break below the bottom of its monthly range between $1.54 and $1.58.
GBPUSD daily time frame is stuck in a sideways movement. With the big bullish reaction of 7/26/2012 that could be enough to force the daily to break out of the small sideways range and rally to 1.6200.
The situation in Britain is quite bad, but during the Olympics, the pound could hold on.
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.
Similar situation as with the EUR/USD: I expect a correction before the continuation of the upward move