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GBPForex Prediction May 18, 2009

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Information about GBPForex Prediction May 18, 2009 from GBPForex

GBP forex Technical Outlook

Current move should be supported in 1.5150 – 1.5105 zone for a rise to 1.5259. A break below 1.5042 opens the way down. 

- weekly : trend up

R3 : 1.5354

R2 : 1.5295

R1 : 1.5258

Pivot : 1.5199

S1 : 1.5140

S2 : 1.5103

S3 : 1.5044

Today prediction range Gbp/Usd : 1.5146-1.5350

 

Other Technical Outlooks


EUR-USD

Market should not go lower than 1.3476 – 1.3418. After this move down it should go up to 1.3570 – 1.3606 area. 


USD-CHF

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1287 or 1.1299 if support around 1.1169 hold. After which a pullback to 1.1169 – 1.1129 zone is possible. 


USD-JPY

There is bearish potential for a fall to 94.9250 – 94.5067 while 95.3433 – 95.6500 resist. After this fall a recovery up to 95.6500 or 95.9567 is expected. 


EUR-JPY

There is bearish potential for a fall to 128.1350 – 127.1266 while 129.1433 – 129.7350 resist. After this fall a recovery up to 129.7350 or 130.3267 is expected. 


AUD-USD

stand aside


USD-CAD

It should try higher up to 1.1799 – 1.1850. Entry point 1.1749 or 1.1721. After this rise, a correction is expected. 


EUR-CHF

It should trade higher to 1.5186 while 1.5097 or 1.5072 offers support. Stop loss below 1.5047 zone. 


EUR-GBP

Market should pop up towards 0.8928 or 0.8944 this bullish scenario would be damaged if 0.8887 – 0.8862 zone is broken, a severe break down could then occur. 

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.3347 1.3419 1.3463 1.3535 1.3606 1.3651 1.3722

USD-CHF

1.0956

1.1036

1.1086

1.1166

1.1246

1.1296

1.1376

USD-JPY

93.91

94.46

94.81

95.36

95.91

96.26

96.81

AUD-USD

0.7393

0.7443

0.7474

0.7524

0.7575

0.7605

0.7656

USD-CAD

1.1584

1.1645

1.1682

1.1742

1.1803

1.1840

1.1900

NZD-USD

0.5748

0.5800

0.5831

0.5883

0.5934

0.5966

0.6017

GBP-JPY

141.92

143.02

143.70

144.79

145.89

146.56

150.00

EUR-GBP

0.8828

0.8859

0.8878

0.8908

0.8939

0.8958

0.8989

EUR-JPY

125.97

127.19

127.94

129.16

130.38

131.13

132.35

EUR-CHF

1.4957

1.5010

1.5043

1.5096

1.5149

1.5182

1.5235

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2 Comments (Leave a comment) »

  • GBPForex Prediction May 18, 2009 · Forex-Trade.ExplainedOnline.Net said:

    [...] Original post by FXstreet.com: Technical: Forex Trading Strategies [...]

  • GBPForex Prediction May 18, 2009 · Trade-Forex.ExplainedHere.Net said:

    [...] Original post by [Technorati] Tag results for forex [...]

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