GBPForex Prediction Nov 11

GBP forex Technical Outlook

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5884 or under 1.5574 limits

- weekly : trend down

R3 : 1.5996

R2 : 1.5878

R1 : 1.5805

Pivot : 1.5688

S1 : 1.5570

S2 : 1.5497

S3 : 1.5379

Today prediction range Gbp/Usd : 1.5380-1.5900

Other Technical Outlooks
EUR-USD	There are initial signs of a good corrective recovery towards 1.2838 or even 1.2877. Supports at 1.2734 and 1.2669 zone.
USD-CHF	stand aside
USD-JPY	It looks more likely that it would rise to above 98.74 or 99.11 from 97.8 or 97.24. After which a downside move to below 96.49 is expected.
EUR-JPY	There are initial signs of a good corrective recovery towards 126.69 or even 127.51. Supports at 124.59 and 123.3 zone.
AUD-USD	There are initial signs of a good corrective recovery towards 0.6841 or even 0.6904. Supports at 0.6674 and 0.6571 zone
USD-CAD	It should test 1.2180 area after which a sell off down to 1.1736 or extended to 1.1529 area. is expected.
EUR-CHF	Resistances lie around 1.5098 and 1.5224. It should test lower towards 1.4971 zone. A clear break of 1.4910 would be bearish.
EUR-GBP	Current upmove should be over between0.8188 and 0.8161. A correction down to 0.8059 is anticipated. A break of 0.8215 is bullish

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