JuliaFX

Forex Forecast for 16-20 November 2015

FX:GBPUSD   British Pound/U.S. Dollar
First, a review of last week’s forecast:
- as for GBP/USD             , most experts talked about a bullish trend and the pair’s movement within a 1.4950-1.5220 range. This forecast played out almost precisely – the pair didn’t go below 1.5025 but rose to the upper boundary of the said corridor during the week, ending up at 1.5234.

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 said:
- most experts and graphical analysis on H4 predict a sideways trend for GBP/USD             , with the bears holding some advantage. Thus, initially, the pair may go up a little to 1.5280, then descend to 1.5175 and then even lower to 1. 5110             . As for a long-term forecast, the experts believe that in the next few weeks the pair will be aiming for a strong support level around 1. 4800             .
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