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GBP/USD, forecast on Friday, 05/24/13

Fri, May 24 2013, 08:29 GMT

Today's GBP/USD Forecast RSS | by Anton Kolganov (ForexMillion)

The pair is trading along an uptrend. The uptrend may be expected to continue while pair is trading above support level 1.5050, which will be followed by reaching resistance level 1.5155 - 1.5200. An downtrend will start as soon, as the pair drops below support level 1.5050, which will be followed by moving down to support level 1.4920. Supports: 1.5050, 1.4920 Resistances: 1.5105, 1.5155, 1.5200

The Brief Harmonic Daily Forecaster - EURUSD

Fri, May 24 2013, 05:24 GMT

The Daily Forecaster RSS | by Ian Copsey (Harmonic Elliott Wave)

BIAS : This looks like moving higher to around 1.3043 MAIN ANALYSIS : The break above 1.2915-25 came as a surprise and having reviewed the rally from 1.2796 I see that it developed in a rather skewed impulsive manner that explains yesterday's strength. The rally from yesterday's low is just as skewed so do take care but I feel that while 1.2900-20 supports that we should see further upside progress through to 1.2981 and later 1.2994. Look for a correction of around 60 points before the rally

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