GBPUSD: a medium- is under pressure, but with a positive long-term prospects.

GBPUSD: a medium- is under pressure, but with a positive long-term prospects.

12 December 2014, 18:17
Vasilii Apostolidi
0
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Since this is a long-term forecast, I would suggest you take a look at the weekly chart of the currency pair, because, in my opinion, it is a large-scale formed symmetrical structure dictates the rules of further rate. Center structure is located in the middle of 2012, at the level of 1.5550, where mirroring is very well up to now. Traced incomplete completion of the current wave of decline, there are no significant levels of support, which would clearly be able to stop the decline. Immediate support is seen at 1.4550 and decline it falls at the end of January. After that, as in the euro \ dollar, I have optimistic expectations for the whole of 2015, the end of which a couple can go up to the area of 1.7500 dollars per pound. MAX DMITRIEVSKY

 

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