Note: The GBP/USD forecast is updated during every weekend and take into account the various factors which are expected to affect the relative price action of British pound sterling and the U.S. dollar. Please refresh the page to see the current chart as sometimes due to cache you may see the old charts.
GBP/USD Outlook And Predictions
"2 weeks back: The failure to test the 38.2% retracement of the upward move from 1.4813 to 1.6260 i.e. 1.5706 and then a break above 1.6117 resistance of last to last week indicate the possibilities of further gains first towards 1.6208 and then possibly towards 1.6250 to 1.6260 strong resistance zone. In case the pair manages a break over 1.6260 then further upward move towards 1.6301 to 1.6309 resistance or more can be expected but in any case we will expect a very strong resistance below 1.6381."
The Week Ahead for GBP/USD
More Resources For Trading GBP/USD
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Important pages about pound Sterling / U.S. dollar in the Forex blog
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- Posts about the outlook and forecast for GBP/USD in the blogs.
- Posts about GBP/USD Support and Resistance for expected support and resistance levels.
- GBP/USD Alert for any alerts or specific observation about the price action.
You may also check GBP/USD Correlation with other currency majors.
(For Carry Trade)
Convert British Pounds to U.S. Dollars.
This update on GBP/USD outlook is written by the analysts of ForexAbode.com. Do contact us for any questions, suggestions or feedback.