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, Nov 09 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5800 | 1.5650 | 1.5200 | Bearish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.6000 | 1.5800 | 1.5750 | Bullish | Bearish | Bearish | ||
| Anna Coulling | 1.5792 | 1.5923 | 1.6211 | Bearish | Sideways | Bullish | ||
| ANZ FX Strategy Team | - | - | 1.6300 | - | - | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5800 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.5500 | - | - | Bearish | ||
| Claudiu Cazacu | 1.6050 | 1.5900 | 1.6300 | Bullish | Sideways | Bullish | ||
| Danske Research Team | - | - | 1.6500 | - | - | Bullish | ||
| Dr. S. Sivaraman | 1.6276 | 1.6778 | 1.7044 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 1.5880 | 1.6120 | 1.6500 | Bearish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.5200 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 1.5900 | 1.6100 | 1.5800 | Sideways | Bullish | Bearish | ||
| HSBC Global Research Team | - | - | 1.6000 | - | - | Sideways | ||
| ICN.com analysis team | 1.5905 | 1.5820 | 1.5740 | Sideways | Bearish | Bearish | ||
| Ilian Yotov | 1.6100 | 1.6000 | 1.5750 | Bullish | Bullish | Bearish | ||
| ING Global Economics Team | - | - | 1.5800 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.6100 | - | - | Bullish | ||
| Joshua Martinez | 1.6200 | 1.6100 | 1.6100 | Bullish | Bullish | Bullish | ||
| Luc Luyet, CMT, CIIA | 1.5850 | 1.5900 | 1.6000 | Bearish | Sideways | Sideways | ||
| Mauricio Carrillo | 1.6000 | 1.6150 | 1.6000 | Bullish | Bullish | Sideways | ||
| NAB Global Markets Research | - | - | 1.6300 | - | - | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | - | 1.5987 | - | - | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6300 | - | Bullish | Bullish | ||
| RBC Economic Research Team | - | - | 1.6500 | - | - | Bullish | ||
| RBS Team | - | - | 1.5800 | - | - | Bearish | ||
| Ross Yamashita | 1.5900 | 1.5600 | 1.5200 | Sideways | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Bullish | ||
| Tad DeVan | 1.5779 | 1.5600 | 1.5268 | Bearish | Bearish | Bearish | ||
| TD Securities Research Team | - | - | 1.6000 | - | - | Sideways | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Bullish | Bearish | ||
| UniCredit Research | - | - | 1.6300 | - | - | Bullish | ||
| Valeria Bednarik | 1.5770 | 1.5660 | 1.5400 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6200 | - | - | Bullish | - | ||
| Yohay Elam | 1.5900 | 1.5800 | 1.6000 | Sideways | Bearish | Sideways | ||
| Average | 1.5944 | 1.5968 | 1.5953 | Sideways | Sideways | Sideways | ||
middle level swings are expected to take GBP to further high till early next year as higher shift in trading zone
Trading below 1.6180 should protect bears while taking out 1.60 figure will bring the bearish picture back into focus.
The Bank of England's decision to refrain from more QE should keep the GBP/USD pair strategically positioned to challenge its 2012 high, provided that EU debt crisis and "fiscal cliff" uncertainty does not continue to spook investor sentiment.
GBPUSD daily time frame is too sideways to see the long-term break.
The GBPUSD is currently in a large trading rang and is slowly moving bearish. I anticipate this trend to continue overall over the next week, month and quarter
Without imminent QE, the pound could float in the same region.
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 test the 1.5910 region once again on the daily chart, and any break below this level will see the pair move lower next week, with bullish sentiment for the US dollar adding further bearish momentum. Should this level be breached then expect to see Cable test the platform of strong support in the 1,5770 area, which should hold and send the pair higher in the longer term.