GBPForex Prediction Nov 7

GBP forex Technical Outlook

Market should meet resistance at 1.5745. We expect then an extended move down to 1.5576 -1.5269 area

- weekly : trend down

R3 : 1.6215

R2 : 1.6034

R1 : 1.5923

Pivot : 1.5743

S1 : 1.5563

S2 : 1.5452

S3 : 1.5272

Today prediction range Gbp/Usd : 1.5460-1.5950

Other Technical Outlooks
EUR-USD	Market should not go lower than 1.2582. After this move down it should go up to 1.2697 – 1.2783 area
USD-CHF	Current rise seems to be over near 1.1788 or 1.1861 for a retracement towards 1.1715 – 1.1675 area.
USD-JPY	Current fall is near an end of wave around 97 – 97.07 zone, a rally should then procede to above 98.22 or 98.45. Fall below 96.8 would cancel this scenario
EUR-JPY	It may meet resistance in 124.27 – 125.1 zone for a drift down to 121.79 zone, after which bounce to 125.69 is anticipated
AUD-USD	Market should not go lower than 0.6557. After this move down it should go up to 0.6647 – 0.6732 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2132 or 1.2231 if support around 1.1861 hold. After which a pullback to 1.1861 – 1.1798 zone is possible.
EUR-CHF	It might hold above 1.4962 or 1.4923 for a rise towards above 1.5055. Stop loss below 1.4923 zone.
EUR-GBP	It should test 0.8252 area after which a sell off down to 0.8040 or extended to 0.7944 area. is expected

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Vigrx Says:
July 23rd, 2009 at 3:51 pm
Thanks for sharing this information. I would like it in more detail though, feel free to e-mail me about it.

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