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 24 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5900 | 1.6000 | 1.5400 | Bullish | Bullish | Bearish | ||
| Bijoy Kar | 1.5950 | 1.5750 | 1.5400 | Bullish | Sideways | Bearish | ||
| Danske Research EmergingMarkets Team | - | 1.5500 | 1.5700 | Sideways | Bearish | Sideways | ||
| Gonçalo Moreira, CMT | - | 1.5900 | 1.6100 | Sideways | Bullish | Bullish | ||
| Gregor Horvat | 1.5800 | 1.5400 | 1.5200 | Sideways | Bearish | Bearish | ||
| ICN.com analysis team | 1.5850 | 1.5850 | 1.5510 | Sideways | Sideways | Bearish | ||
| Ilian Yotov | 1.6000 | 1.5750 | 1.5500 | Bullish | Sideways | Bearish | ||
| J.P. Morgan Global FX Strategy | - | 1.5600 | 1.5800 | Sideways | Bearish | Sideways | ||
| NAB Global Markets Research | - | 1.5600 | 1.5800 | Sideways | Bearish | Sideways | ||
| OCBC Treasury Research & Strategy Team | - | 1.5673 | 1.5657 | Sideways | Bearish | Bearish | ||
| RBC Economic Research Team | - | 1.5400 | 1.5500 | Sideways | Bearish | Bearish | ||
| Ross Yamashita | 1.5900 | 1.6150 | 1.5600 | Bullish | Bullish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.5900 | Sideways | Sideways | Sideways | ||
| TD Securities Research Team | - | - | 1.5400 | Sideways | Sideways | Bearish | ||
| Valeria Bednarik | 1.5960 | 1.6100 | 1.5770 | Bullish | Bullish | Sideways | ||
| Wells Fargo Research Team | - | - | 1.5800 | Sideways | Sideways | Sideways | ||
| Westpac Institutional Bank Team | - | 1.6100 | 1.5950 | Sideways | Bullish | Sideways | ||
| Yohay Elam | 1.5900 | 1.5600 | 1.5500 | Bullish | Bearish | Bearish | ||
| Average | 1.5908 | 1.5758 | 1.5638 | Bullish | Sideways | Sideways | ||
Momentum indicators are currently entering overbought zones and that might trigger a pullback soon
Finally managing to break above the top of its range between $1.54 and $1.58, the GBP/USD pair looks positioned for a test of the $1.60 area.
The UK enjoyed some positive data lately. However, some of the rise is QE3 based, so the gains may be limited.
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.
A three wave bounce since 1st june is corrective move, part of a downtrend. Be aware of a bearish reversal from 1.59/1.6