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, Aug 17 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5800 | 1.5950 | 1.5400 | Bullish | Bullish | Bearish | ||
| Ani Salama | 1.5750 | 1.5600 | 1.5400 | Bullish | Sideways | Bearish | ||
| Anna Coulling | 1.5881 | 1.6243 | 1.5996 | Bullish | Bullish | Bullish | ||
| Claudiu Cazacu | 1.5770 | 1.5820 | 1.5710 | Bullish | Bullish | Sideways | ||
| Danske Research Team | - | 1.5600 | 1.5700 | Sideways | Sideways | Sideways | ||
| Derek Frey, CTA | 1.5500 | 1.5300 | 1.5700 | Bearish | Bearish | Sideways | ||
| Gavin Grier-Rees | 1.5700 | 1.5500 | 1.5000 | Sideways | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 1.5900 | 1.6100 | 1.5600 | Bullish | Bullish | Sideways | ||
| ICN.com analysis team | 1.5510 | 1.5360 | 1.5000 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.5500 | 1.5500 | 1.5500 | Bearish | Bearish | Bearish | ||
| Joshua Martinez | 1.6000 | 1.6200 | 1.5800 | Bullish | Bullish | Sideways | ||
| Mauricio Carrillo | 1.5850 | 1.6000 | 1.5500 | Bullish | Bullish | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.5400 | 1.5400 | Sideways | Bearish | Bearish | ||
| Ross Yamashita | 1.5800 | 1.6000 | 1.5500 | Bullish | Bullish | Bearish | ||
| TD Securities Research Team | - | - | 1.5400 | Sideways | Sideways | Bearish | ||
| UBS FX Research Team | - | 1.5500 | 1.5500 | Sideways | Bearish | Bearish | ||
| Valeria Bednarik | 1.5770 | 1.5550 | 1.5200 | Bullish | Bearish | Bearish | ||
| Wells Fargo Research Team | - | - | 1.5800 | Sideways | Sideways | Sideways | ||
| Westpac Institutional Bank Team | - | 1.5700 | - | Sideways | Sideways | Sideways | ||
| Yohay Elam | 1.5600 | 1.5400 | 1.5400 | Bearish | Bearish | Bearish | ||
| Average | 1.5738 | 1.5707 | 1.5500 | Bullish | Sideways | Sideways | ||
Cable now appears to be ready to ready through the resistance at the 1.5752 area and a clear break and hold above this level should see the pair move firmly higher and on towards the 1.60 in the next few weeks.
Quiet and range trading through the summer.
Momentum indicators are negative suggesting a retest of 1.5390 -1.5360 zones sooner.
The GBP/USD pair is still trend-less and could continue to fluctuate within its range between $1.54 and $1.58.
GBPUSD is in sideways movement on the daily time frame.
UK news less downbeat
With quite a few positive UK figures of late, cable might remain stable for now.
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 BoE is reluctant to cut interest rates, but the cable should follow the EUR/USD