GBPForex Prediction Nov 18

GBP forex Technical Outlook

It should trade higher to 1.5162 while 1.4910 or 1.4823 offers support. Stop loss below 1.4736 zone

- weekly : trend down

R3 : 1.5338

R2 : 1.5173

R1 : 1.5071

Pivot : 1.4906

S1 : 1.4741

S2 : 1.4639

S3 : 1.4474

Today prediction range Gbp/Usd : 1.4850-1.5195

Other Technical Outlooks

EUR-USD

Market should hold major support at 1.2499 before rising towards 1.2757 or even 1.2864 limit

USD-CHF

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2029 or 1.2079 if support around 1.1961 hold. After which a pullback to 1.1961 - 1.1938 zone is possible.

USD-JPY

It is likely to fall towards 95.72 as its corrective rally could falter in 96.99 - 96.63 area. Stop above 97.34 zone

EUR-JPY

Current fall is near an end of wave around 119.42 - 121.86 zone, a rally should then procede to above 122.94 or 123.85. Fall below 118.32 would cancel this scenario.

AUD-USD

Market should hold major support at 0.6331 before rising towards 0.6598 or even 0.6709 limit

USD-CAD

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2423 or under 1.2112 limits.

EUR-CHF

Corrective dips should ideally halt near 1.5132 or 1.5081 for one more thrust upwards towards 1.5199 - 1.5265 area or 1.5368 in extention. Fall below 1.5029 puts it back on a downward path

EUR-GBP

It is likely to attempt to below 0.831 while below 0.8439 - 0.8472 area. Rise above 0.8536 would dampen this bearish expectation

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.2404 1.2492 1.2546 1.2634 1.2722 1.2776 1.2864

USD-CHF

1.1841

1.1886

1.1914

1.1960

1.2005

1.2033

1.2078

USD-JPY

94.92

95.57

95.96

96.61

97.25

97.65

98.29

AUD-USD

0.6246

0.6336

0.6391

0.6481

0.6571

0.6627

0.6717

USD-CAD

1.1950

1.2070

1.2143

1.2262

1.2381

1.2455

1.2574

NZD-USD

0.5376

0.5435

0.5471

0.5530

0.5589

0.5626

0.5685

GBP-JPY

137.80

140.09

141.51

143.81

146.10

147.52

149.82

EUR-GBP

0.8309

0.8371

0.8409

0.8471

0.8533

0.8571

0.8633

EUR-JPY

118.28

119.70

120.58

122.00

123.42

124.30

125.72

EUR-CHF

1.4897

1.4987

1.5042

1.5132

1.5221

1.5276

1.5366


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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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