GBPForex Prediction August 29

GBP forex Technical Outlook

One more dip to 1.8224 is likely followed by a grind higher to above 1.8347. After which it can resume his downtrend.

- weekly : trend down

R3 : 1.8473

R2 : 1.8411

R1 : 1.8373

Pivot : 1.8312

S1 : 1.8250

S2 : 1.8212

S3 : 1.8151

Today prediction range Gbp/Usd : 1.8200-1.8420

Other Technical Outlooks

EUR-USD

There are initial signs of a good corrective recovery towards 1.4759 or even 1.4788. Supports at 1.4689 and 1.4648 zone.

USD-CHF

It may attempt a test higher to 1.1000 after which weakness may set it to a drift down to below 1.0909 limit. 

USD-JPY

It should test 109.97 area after which a sell off down to 108.95 or extended to 108.41 area is expected.

EUR-JPY

There are initial signs of a good corrective recovery towards 161.51 or even 161.77. Supports at 160.87 and 160.48 zone

AUD-USD

Resistances lie around 0.8659 and 0.8748. It should test lower towards 0.857 zone. A clear break of 0.8606 would be bearish.

USD-CAD

A corrective/consolidation activity between 1.0449 and 1.056 is likely for a while.

EUR-CHF

It should trade higher to 1.6186 while 1.6146 or 1.6132 offers support. Stop loss below 1.6118 zone.

EUR-GBP

Should test support at 0.8017 while below 0.8038. If support at 0.8017 holds it can rise up to0.8059, if not it should fall to below 0.7997 zone

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.4590 1.4643 1.4676 1.4730 1.4783 1.4816 1.4870

USD-CHF

1.0830

1.0879

1.0910

1.0960

1.1009

1.1040

1.1090

USD-JPY

108.39

108.75

108.97

109.32

109.68

109.90

110.25

AUD-USD

0.8513

0.8558

0.8586

0.8631

0.8676

0.8704

0.8749

USD-CAD

1.0388

1.0428

1.0453

1.0493

1.0533

1.0558

1.0598

NZD-USD

0.6963

0.6989

0.7004

0.7029

0.7055

0.7070

0.7095

GBP-JPY

199.06

199.57

199.89

200.40

200.91

201.23

201.74

EUR-GBP

0.7995

0.8011

0.8022

0.8038

0.8054

0.8065

0.8081

EUR-JPY

159.95

160.44

160.75

161.24

161.73

162.04

162.53

EUR-CHF

1.6078

1.6104

1.6120

1.6146

1.6172

1.6188

1.6214

AUD-JPY

93.34

93.74

93.99

94.40

94.80

95.05

95.46


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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. Tickets

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