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.

Forex forecast for EUR/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:
Both analysts, and technical analysis, based on the oversold pair EUR/USD, last week expected its rebound up, which actually happened. Infact, the strength of the bulls in this case was enough only to raise the pair to a height of 1.0690 (instead of the expected 1.0750), after which it fell to the support zone around 1.0610.
For the next week, most analysts (60%), supported by almost 90% of the indicators, are still on the side of the bears, expecting the pair fall to the 1.0500 zone. The alternative point of view, together with 40% of experts, is presented on the graphical analysis on H4. In their view, the pair is moving in the medium-term upwards channel, which began in December 2016, and it will first rise to the level of 1.0690, and then 130 points higher - to a high of 1.0820.