Archive for July 4th, 2008

GBPForex Prediction July 4

GBP forex Technical Outlook

It should see a sell off to below 1.9777 while 1.9857 area curtails its upside. A break beyond 1.9914 will abort the downside. 

- weekly : trend up

R3 : 1.9996

R2 : 1.9943

R1 : 1.9910

Pivot : 1.9857

S1 : 1.9804

S2 : 1.9771

S3 : 1.9718

Today prediction range Gbp/Usd : 1.9750-1.9890

Other Technical Outlooks

EUR-USD

There is bearish potential for a fall to 1.5620 while 1.5764 - 1.5806 resist. After this fall a recovery up to 1.5806 or 1.5848 is expected.

USD-CHF

Market looks set for gains towards 1.0327 or above in extension. Dips should find support at 1.0219 - 1.0188 zone.  

USD-JPY

Uptrend is still intact in a triangle configuration. It should continue to rally to 106.94 or 107.63 if support around 106.48 hold. After which a pullback to 106.48 - 106.26 zone is possible. 

EUR-JPY

It looks more likely that it would rise to above 168.36 or 168.70 from 167.48 or 166.94. After which a downside move to below 166.27 is expected. 

AUD-USD

There are initial signs of a good corrective recovery towards 0.9618 or even 0.9629. Supports at 0.9592 and 0.9578 zone. 

USD-CAD

It should be subject to more sell off towards 1.0121 or 1.0062. Corrective upward swings should face resistance around 1.0210 area. A break of 1.02535 is bullish. 

EUR-CHF

Current rise should end around 1.6113 or 1.6146. Objectives of this downmove are 1.6084 or 1.6051. A rise above 1.6175 is again bullish. 

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.5536

1.5623

1.5677

1.5764

1.5851

1.5905

1.5992

USD-CHF

1.0049

1.0114

1.0154

1.0219

1.0284

1.0324

1.0389

USD-JPY

105.32

105.76

106.03

106.47

106.91

107.18

107.62

AUD-USD

0.9556

0.9574

0.9586

0.9605

0.9623

0.9635

0.9654

USD-CAD

1.0061

1.0102

1.0128

1.0169

1.0210

1.0236

1.0277

NZD-USD

0.7517

0.7538

0.7552

0.7574

0.7595

0.7609

0.7631

GBP-JPY

210.09

210.58

210.89

211.39

211.88

212.19

212.69

EUR-GBP

0.7854

0.7888

0.7909

0.7943

0.7977

0.7998

0.8032

EUR-JPY

166.28

166.94

167.36

168.03

168.69

169.11

169.78

EUR-CHF

1.6050

1.6074

1.6089

1.6113

1.6137

1.6152

1.6176

AUD-JPY

101.41

101.74

101.95

102.29

102.62

102.83

103.17

Posted on 4th July 2008
Under: gbp/usd prediction | No Comments »


Disclaimer
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice. Free Illinois Universal Life Insurance Quotes from Competing Agents

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