GBP/USD: Downtrend expected to continue while below resistance level 1.1438
|Weekly forecast (September 26 – 30, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1438, which will be followed by moving up to resistance level 1.1778.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1438, which will be followed by reaching support level 1.0520.
Previous week forecast
Monthly forecast, September 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1778, which will be followed by moving up to resistance level 1.2012 and 1.2306.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1.1438, which will be followed by reaching support level 1.0520.
Previous week forecast
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