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GBPUSD Analysis - The GBP is strengthening against the USD (and against many other currencies) and the USD is losing momentum. The GBP is predicted to make its way upwards. LOOK FOR BUYING OPPORTUNITIES in GBPUSD. In a weekly chart it bounced off 1.4567 price which was a 89% Fibonacci from a low of 16-May-2010. There were other resistances at play at 1.4567 mark as well. With the growing momentum in GBPUSD, the GBPUSD should make its way upwards. While you are looking for buying opportunities, be careful of the bounce made off the resistance created by the trendline (shown in picture). Expecting a retracement off this bounce, and then look for Buying Opportunities.

As our June 10th post predicted, GBP is gaining against the USD, while the USD loses momentum. We banked 200 pips on the GBP's gain in GBPUSD. Sign up for our upcoming Forex class. Limited Seating. www.forexworld.ca/intro-to-forex-aug4-2015

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US Dollar's is falling short of many expectations. The rate hike predictions were premature. Expect the US Dollar to cool down for a while, or even pull back. It had been in a strong buying power since mid July 2014. Keep an eye on the GBP and EUR to strengthen against the USD while US Dollar falls short of its expectations.