GBP/USD Weekly Forecast
Weekly Forecast (March 27 – 31, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2321, which will be followed by moving up to resistance level 1,2447.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2321, which will be followed by reaching support level 1,1904.
Monthly Forecast, February – March 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2269, which will be followed by moving up to resistance level 1.2447.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2269, which will be followed by reaching support level 1,1841 and if it keeps on moving down below that level, we may expect the market to reach support level 1,1645, 1,1142.
On the date of publication, Anton Kolhanov did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
