GBPForex Prediction Nov 20

GBP forex Technical Outlook

Preferred view is for a fall to below 1.4818 while 1.4951 – 1.5034 area resists. A clear break of 1.5167 would be bullish.

- weekly : trend down

R3 : 1.5380

R2 : 1.5248

R1 : 1.5166

Pivot : 1.5033

S1 : 1.4901

S2 : 1.4819

S3 : 1.4607

Today prediction range Gbp/Usd : 1.4800-1.5100

Other Technical Outlooks

EUR-USD

While below 1.2486 – 1.2595 it might drop to 1.2377 or below 1.2265 zone

USD-CHF

Market looks set for gains towards 1.2209 or above in extension. Dips should find support at 1.2076 – 1.2041 zone

USD-JPY

There is bearish potential for a fall to 95.21 or 94.68 while 96.45 – 96.71 resist. After this fall a recovery up to 96.45 or 96.71 is expected.

EUR-JPY

There is bearish potential for a fall to 117.93 or 116.3 while 121.92 – 122.74 resist. After this fall a recovery up to 121.92 or 122.74 is expected

AUD-USD

There is bearish potential for a fall to 0.62860 or 0.6206 while 0.6480 – 0.6520 resist. After this fall a recovery up to 0.6480 or 0.6520 is expected

USD-CAD

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2644 or 1.2729 if support around 1.2462 hold. After which a pullback to 1.2462 – 1.2417 zone is possible.

EUR-CHF

Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8341 or 0.8309. Major support is clustered around 0.8253 limit.

EUR-GBP

Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8341 or 0.8309. Major support is clustered around 0.8253 limit

S3

S2

S1

P

R1

R2

R3

EUR-USD

1.2265 1.2391 1.2469 1.2595 1.2721 1.2798 1.2924

USD-CHF

1.1872

1.1949

1.1997

1.2075

1.2152

1.2200

1.2278

USD-JPY

94.68

95.25

95.60

96.17

96.74

97.10

97.67

AUD-USD

0.6205

0.6294

0.6350

0.6439

0.6529

0.6584

0.6674

USD-CAD

1.2193

1.2295

1.2358

1.2461

1.2563

1.2626

1.2728

NZD-USD

0.5308

0.5366

0.5403

0.5461

0.5520

0.5556

0.5615

GBP-JPY

139.79

141.65

142.79

144.65

146.51

147.66

149.51

EUR-GBP

0.8265

0.8311

0.8340

0.8386

0.8432

0.8460

0.8506

EUR-JPY

116.27

118.12

119.25

121.10

122.94

124.08

125.92

EUR-CHF

1.5042

1.5108

1.5148

1.5214

1.5280

1.5321

1.5386


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One Response to “GBPForex Prediction Nov 20”

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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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