wrapper

GBP/USD Weekly Forecast - 27 April - 01 May

Friday, Apr 24 2015

Sterling broke higher in the course of the last week supported by hawkish BoE Meeting Minutes. Pair broke decisively above 1.51 handle which indicates that pair is ready to break higher in the near future. We can expect a very volatile next week with the focus on UK GDP and FOMC Statement. Weaker than expected figures would push pair lower to perhaps 1.50 handle, while better than forecasted data would lead to a decisive

break above 1.52 handle, but with the resistance around 1.5280 area, so these would be our short-term buying and selling points. In long-term trend we have no interest in selling this pair, as we believe that it could go higher, though we would be careful since resistance from 1.50 handle stretches all the way to 1.5250 handle, so there will probably be a lot of sideways trading.

More in this category: « AUD/USD Weekly Forecast - 27 April - 01 May EUR/USD Weekly Forecast - 27 April - 01 May »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.