GBPForex Prediction Nov 5
GBP forex Technical Outlook
It may attempt a test higher to 1.6032 after which weakness may set it to a drift down to below 1.5672 limit.
- weekly : trend down
R3 : 1.6392
R2 : 1.6199
R1 : 1.6080
Pivot : 1.5887
S1 : 1.5694
S2 : 1.5575
S3 : 1.5382
Today prediction range Gbp/Usd : 1.5600-1.6430
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Other Technical Outlooks |
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EUR-USD |
Difficult to predict next move. It should stay in a trading range between 1.2851 – 1.3372 .A break of 1.3179 is needed for a continuation of up trend |
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USD-CHF |
Current move should be supported in 1.1598 zone for a rise to above 1.1899. A break below 1.1433 opens the way down. |
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USD-JPY |
Strength can extend to 100.13 or even higher than 100.71 as declines are expected to find support at 99.05 or 98.54. Stop Loss below 97.38 zone. |
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EUR-JPY |
Uptrend is still intact in a triangle configuration. It should continue to rally to 130.5 or 135.5 if support around 127.95 hold. After which a pullback to 127.95 – 126.43 zone is possible. |
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AUD-USD |
Market looks set for gains towards 0.7134 or above in extension. Dips should find support at 0.6868 – 0.6795 zone. |
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USD-CAD |
Market should not go lower than 1.124. After this move down it should go up to 1.1487 – 1.1622 area |
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EUR-CHF |
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5225 or 1.5374 if support around 1.5005 hold. After which a pullback to 1.5005 – 1.4935 zone is possible |
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EUR-GBP |
Currently uptrend should end around 0.8223 – 0.8196 area. A correction down to below 0.8023 is expected. A rise above 0.8257 will abort the expected correction. |
| S3 | S2 | S1 | P | R1 | R2 | R3 | |
| EUR-USD | 1.2330 | 1.2529 | 1.2652 | 1.2851 | 1.3051 | 1.3174 | 1.3373 |
| USD-CHF | 1.1430 | 1.1519 | 1.1575 | 1.1664 | 1.1753 | 1.1809 | 1.1898 |
| USD-JPY | 97.36 | 98.19 | 98.70 | 99.53 | 100.36 | 100.88 | 101.71 |
| AUD-USD | 0.6456 | 0.6613 | 0.6710 | 0.6867 | 0.7024 | 0.7121 | 0.7278 |
| USD-CAD | 1.1197 | 1.1359 | 1.1459 | 1.1620 | 1.1782 | 1.1882 | 1.2043 |
| NZD-USD | 0.5726 | 0.5834 | 0.5901 | 0.6009 | 0.6117 | 0.6183 | 0.6291 |
| GBP-JPY | 150.13 | 153.20 | 155.09 | 158.16 | 161.22 | 163.12 | 166.18 |
| EUR-GBP | 0.7911 | 0.7977 | 0.8018 | 0.8084 | 0.8151 | 0.8191 | 0.8258 |
| EUR-JPY | 120.37 | 123.26 | 125.04 | 127.93 | 130.82 | 132.60 | 135.49 |
| EUR-CHF | 1.4636 | 1.4777 | 1.4864 | 1.5005 | 1.5146 | 1.5234 | 1.5375 |
Posted in: gbp/usd prediction
