JuliaFX

Forecast for 18-22 April 2016

FX:GBPUSD   British Pound/U.S. Dollar
Overview of Last Week’s Forecast
The one third of the experts were correct saying that GBP/USD             would not go beyond the boundaries of March’s side channel of 1.4050-1.4450. With that, the pair narrowed the range of its fluctuations even more, keeping within 1.4090-1.4350.

Forecast for Coming 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:
The forecast for GBP/USD             remains unchanged – moving towards last February’s lows. This is supported by 85% of the experts already (versus 65% last week), 80% of the indicators and graphical analysis on D1. The remaining 15% of the analysts believe that the pair will continue to move in the sideways channel, with support at 1.4050.

Roman Butko, NordFX
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