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, Oct 05 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6250 | 1.6350 | 1.6100 | Bullish | Bullish | Sideways | ||
| Alberto Muñoz,PhD | 1.6350 | 1.6570 | 1.6900 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 1.6281 | 1.6311 | 1.6432 | Bullish | Bullish | Bullish | ||
| Claudiu Cazacu | 1.6050 | 1.5980 | 1.6400 | Bearish | Bearish | Bullish | ||
| Danske Research Team | - | - | 1.5900 | - | - | Bearish | ||
| GFM Research Private Limited | 1.6285 | 1.6340 | 1.6450 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 1.6290 | 1.6300 | 1.5700 | Bullish | Bullish | Bearish | ||
| ICN.com analysis team | 1.5925 | 1.5720 | 1.5265 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.6250 | 1.6000 | 1.5750 | Bullish | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.6200 | - | - | Sideways | ||
| Mauricio Carrillo | 1.6300 | 1.6400 | 1.6000 | Bullish | Bullish | Bearish | ||
| NAB Global Markets Research | - | - | 1.6300 | - | - | Sideways | ||
| Rabobank Financial Markets Research Team | - | - | 1.6200 | - | - | Sideways | ||
| RBC Economic Research Team | - | - | 1.5500 | - | - | Bearish | ||
| RBS Team | - | - | 1.5780 | - | - | Bearish | ||
| Ross Yamashita | 1.6300 | 1.6500 | 1.5800 | Bullish | Bullish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Sideways | ||
| TD Securities Research Team | - | - | 1.6000 | - | - | Bearish | ||
| UniCredit Research | - | - | 1.6500 | - | - | Bullish | ||
| Valeria Bednarik | 1.6350 | 1.6000 | 1.5770 | Bullish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6100 | - | - | Bearish | - | ||
| Yohay Elam | 1.6200 | 1.6000 | 1.6300 | Sideways | Bearish | Sideways | ||
| Average | 1.6236 | 1.6198 | 1.6069 | Bullish | Sideways | Sideways | ||
As the Bank of England refrained from additional QE at their October meeting, the GBP/USD pair looks positioned to challenge its 2012 high.
1.63 is strong resistance.
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.
Only a break above 1.6300- 1.6310 boundaries will postpone our suggested bearishness.