GBP/USD: Downtrend expected to continue while below resistance level 1.1438

Anton Kolhanov Anton Kolhanov

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

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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