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, Sep 14 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6000 | 1.6200 | 1.5800 | Bearish | Sideways | Bearish | ||
| Alberto Muñoz,PhD | 1.6280 | 1.6570 | 1.6750 | Sideways | Bullish | Bullish | ||
| Anna Coulling | 1.6499 | 1.6243 | 1.5996 | Bullish | Sideways | Bearish | ||
| Claudiu Cazacu | 1.6145 | 1.6040 | 1.5780 | Bearish | Bearish | Bearish | ||
| Danske Research Team | - | - | 1.5700 | - | - | Bearish | ||
| Esteban Mora | 1.6250 | 1.6500 | 1.6500 | Sideways | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 1.6200 | 1.6300 | 1.6500 | Bearish | Sideways | Bullish | ||
| ICN.com analysis team | 1.6000 | 1.5820 | 1.5820 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.6000 | 1.5750 | 1.5500 | Bearish | Bearish | Bearish | ||
| ING Global Economics Team | - | 1.5600 | 1.5500 | - | Bearish | Bearish | ||
| Joshua Martinez | 1.6200 | 1.6000 | 1.5900 | Bearish | Bearish | Bearish | ||
| Mauricio Carrillo | 1.6298 | 1.6000 | 1.6000 | Bullish | Bearish | Bearish | ||
| NAB Global Markets Research | - | 1.5500 | 1.6300 | - | Bearish | Sideways | ||
| OCBC Treasury Research & Strategy Team | - | 1.5945 | 1.5746 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | 1.5400 | 1.5500 | - | Bearish | Bearish | ||
| Ross Yamashita | 1.6300 | 1.6000 | 1.5500 | Bullish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | 1.5500 | 1.5900 | - | Bearish | Bearish | ||
| TD Securities Research Team | - | 1.6100 | 1.5100 | - | Bearish | Bearish | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Sideways | Bearish | ||
| Valeria Bednarik | 1.6350 | 1.6000 | 1.5770 | Bullish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6300 | - | - | Sideways | - | ||
| Yohay Elam | 1.6100 | 1.6000 | 1.6300 | Bearish | Bearish | Sideways | ||
| Average | 1.6202 | 1.5998 | 1.5879 | Bearish | Bearish | Bearish | ||
With QE3 underway and the Bank of England sitting on the sidelines, the GBP/USD pair looks positioned for a test of the 2012 high at $1.63.
GBPUSD is just shy of hitting its resistance level of 1.6200 of the daily timeframe.
Mixed signals from the UK mean that the pair will float around these levels, as it receives support from QE3.
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 continues to surge higher, having broken through the 1.60 level and is now set to breach the 1.6317 area shortly. Once clear of this price point we can expect to see a re-test of the 1.6540 region and beyond in due course.