JuliaFX

Forex Forecast for 9-13 November 2015

FX:GBPUSD   British Pound/U.S. Dollar
For starters, a few words about last week’s forecast:
- GBP/USD             was predicted to experience some fluctuations within 1.5440-1.5470 at the beginning of the week, after which the pair was supposed to go down. A third of the experts set the weekly bottom at 1.5250. This scenario can be viewed as fulfilled, except for the fact that statistics from Europe and the USA, supported by ECB President Mario Draghi’s speech, gave such a boost to the bears that they pushed the pair down by yet another 200 points – to 1.5025.

Forecast for the upcoming week.
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be suggested:
- there’s a similar pattern for GBP/USD             . Its sideways trend will be limited by support at 1.4950, resistance at 1.5220 and by a 1.5000 pivot point. Even if most experts talk about a bullish trend , 10% of them believe that the pair may briefly come down to 1.4850.
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