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Sunday 18 September 2016

Forex forecast for GBP/USD for September 19 - 23

As expected, the behavior of the pair GBP/USD last week was determined by the large amount of news from the UK. At the same time the most of analysts with a graphical analysis on the D1 predicted for the pair bearish trend in an effort to stay within the boundaries of the summer side channel. What happened - as a result of a sharp fall, the pair even broke through the central channel of the line and reached a level of 1.3000.
 Assessing the prospects for the GBP/USD, most of the indicators and technical analysis on the D1 insist on continuation of falling of the pair to the lower limit of three-months side channel - 1.2850. As for the experts, their opinions were divided into three almost equal - 35% for the fall, 30% of growth and 35% of the lateral trend. The common in their predictions is only that the pair will continue to stay in the corridor in the range 1.2850 - 1.3450.

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