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

S3 S2 S1 P R1 R2 R3
EUR-USD 1.2506 1.2611 1.2677 1.2782 1.2888 1.2953 1.3059
USD-CHF 1.1488 1.1574 1.1628 1.1714 1.1801 1.1854 1.1941
USD-JPY 96.77 97.23 97.51 97.96 98.41 98.69 99.15
AUD-USD 0.6462 0.6564 0.6627 0.6729 0.6832 0.6895 0.6997
USD-CAD 1.1488 1.1630 1.1717 1.1859 1.2001 1.2089 1.2231
NZD-USD 0.5734 0.5804 0.5847 0.5917 0.5988 0.6031 0.6101
GBP-JPY 148.66 150.76 152.06 154.16 156.26 157.55 159.66
EUR-GBP 0.7941 0.8001 0.8038 0.8098 0.8157 0.8194 0.8254
EUR-JPY 121.92 123.13 123.87 125.07 126.28 127.02 128.22
EUR-CHF 1.4865 1.4918 1.4947 1.4998 1.5049 1.5080 1.5131

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One Response to “GBPForex Prediction Nov 7”

  1. Vigrx Says:

    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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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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