GBPForex Prediction nov 17

GBP forex Technical Outlook

One more dip to 1.4652 or 1.4503 is likely followed by a grind higher to above 1.4879 or 1.5105. After which it can resume its downtrend.

- weekly : trend down

R3 : 1.5083

R2 : 1.4968

R1 : 1.4897

Pivot : 1.4783

S1 : 1.4668

S2 : 1.4597

S3 : 1.4483

Today prediction range Gbp/Usd : 1.4520-1.4935

Other Technical Outlooks

EUR-USD

There are initial signs of a good corrective recovery towards 1.2759 or even 1.2808. Supports at 1.2651 and 1.2592 zone

USD-CHF

A corrective/consolidation activity between 1.1860 and 1.1980 is likely for a while.

USD-JPY

There are initial signs of a good corrective recovery towards 97.59 or even 98.08. Supports at 96.60 and 96.10 zone.

EUR-JPY

There are initial signs of a good corrective recovery towards 124.48 or even 125.51. Supports at 122.29 and 121.14 zone

AUD-USD

There are initial signs of a good corrective recovery towards 0.6618 or even 0.6653. Supports at 0.6525 and 0.6468 zone.

USD-CAD

It may attempt a test higher to 1.2284 after which weakness may set it to a drift down to below 1.2121 limit.

EUR-CHF

Positive momentum should help it to test 1.5203 or 1.528 while above 1.5087 - 1.5125 zone. A break of 1.5048 will dent this bullish view.

EUR-GBP

A corrective rise should ideally test 0.8631 or even higher than 0.8691. Supports are at 0.8555. Stop loss below 0.8465 zone.

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.2411 1.2509 1.2570 1.2668 1.2767 1.2827 1.2926

USD-CHF

1.1776

1.1834

1.1869

1.1927

1.1985

1.2020

1.2078

USD-JPY

95.06

95.82

96.30

97.02

97.83

98.31

99.07

AUD-USD

0.6310

0.6399

0.6454

0.6543

0.6632

0.6687

0.6776

USD-CAD

1.1989

1.2096

1.2163

1.2270

1.2377

1.2443

1.2550

NZD-USD

0.5371

0.5460

0.5514

0.5603

0.5691

0.5746

0.5834

GBP-JPY

138.02

140.08

141.35

143.40

145.46

146.73

148.78

EUR-GBP

0.8457

0.8500

0.8526

0.8569

0.8612

0.8639

0.8682

EUR-JPY

118.75

120.42

121.46

123.13

124.80

125.84

127.51

EUR-CHF

1.4947

1.5007

1.5044

1.5103

1.5163

1.5200

1.5260


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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.

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