Sunday 16 April 2017

Forex forecast for GBP/USD for April 17 - 21, 2017

According to poll amongst forex analysts and looking at techical picture, the forecast for EUR/USD for the next week looks as follows:
A rebound was expected for the GBP/USD. The basis for such a forecast was a zone of strong medium-term support, near which there was the pair. The goal was the height of 1.2500, which the pair reached in the first half of the week, after which it took a breather for almost a day. And then, having gathered with strength, GBP/USD rose another 75 points higher, reaching a height of 1.2575 on Thursday.
In the medium term, almost 80% of experts expect the pair GBP/USD to fall (support levels are located at 1.2420, 1.2360 and 1.2110). As for the near future, most analysts (60%), supported by both oscillators and trend indicators, are inclined to the fact that the upward impulse has not yet exhausted, and the pair will reach at least the height of 1.2615. The next resistance is at the level of 1.2705.


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