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, Aug 10 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5500 | 1.5600 | 1.5500 | Bearish | Bearish | Bearish | ||
| Alexander Chepurkó | 1.5770 | 1.5840 | - | Bullish | Bullish | Sideways | ||
| Ani Salama | 1.5550 | 1.5500 | 1.5400 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 1.5813 | 1.6243 | 1.5996 | Bullish | Bullish | Bullish | ||
| Claudiu Cazacu | 1.5490 | 1.5590 | 1.5720 | Bearish | Bearish | Sideways | ||
| Danske Research Team | - | - | 1.5500 | Sideways | Sideways | Bearish | ||
| Esteban Mora | 1.5800 | 1.5900 | 1.6000 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 1.5750 | 1.6100 | 1.5600 | Bullish | Bullish | Sideways | ||
| Gregor Horvat | 1.5300 | 1.5200 | 1.5700 | Bearish | Bearish | Sideways | ||
| ICN.com analysis team | 1.5510 | 1.5360 | 1.5000 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.5400 | 1.5500 | 1.5500 | Bearish | Bearish | Bearish | ||
| Joshua Martinez | 1.5800 | 1.6200 | 1.5800 | Bullish | Bullish | Sideways | ||
| Mauricio Carrillo | 1.5760 | 1.5800 | 1.5500 | Bullish | Bullish | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.5500 | 1.5400 | - | Bearish | Bearish | ||
| RBS Team | - | - | 1.5630 | Sideways | Sideways | Sideways | ||
| TD Securities Research Team | - | - | 1.5400 | Sideways | Sideways | Bearish | ||
| UBS FX Research Team | - | 1.5500 | 1.5500 | Sideways | Bearish | Bearish | ||
| UniCredit Research | - | - | 1.5000 | Sideways | Sideways | Bearish | ||
| Valeria Bednarik | 1.5440 | 1.5260 | 1.5000 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.5800 | - | Sideways | Bullish | Sideways | ||
| Yohay Elam | 1.5600 | 1.5400 | 1.5400 | Bearish | Bearish | Bearish | ||
| Average | 1.5606 | 1.5664 | 1.5502 | Bearish | Sideways | Sideways | ||
Cable is trapped in a range, but bearish break is expected based on bearish trend since start of this year.
The GBP/USD pair is trend-less and could continue to fluctuate within its range between $1.54 and $1.58.
GBPUSD daily time-frame is prime to break bullish.
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 is now consolidating into a pennant formation on the daily chart with a series of higher lows to the underside of the pennant giving us a clear signal that a breakout, when it occurs, will be to the upside and a re-test of the 1.60 region in due course. This view is further confirmed by the strong support now in place at the 1.5250 area with a triple bottom at the area which has been created over the past 12 months,