GBPForex Prediction Oct 1

GBP forex Technical Outlook

It may meet resistance in 1.7807 - 1.7894 zone for a drift down to 1.7545 zone, after which bounce to 1.7963 is anticipated.

- weekly : trend down

R3 : 1.8253

R2 : 1.8116

R1 : 1.8031

Pivot : 1.7893

S1 : 1.7756

S2 : 1.7671

S3 : 1.7533

Today prediction range Gbp/Usd : 1.7600-1.7890

Other Technical Outlooks

EUR-USD

It is likely to attempt nearer support at 1.3923 for extending further to below 1.3753 while below 1.4093 - 1.4264 area. Rise above 1.4349 would dampen this bearish expectation

USD-CHF

Current rise seems to be over near 1.1234 or 1.1349 for a retracement towards 1.1118 - 1.1054 area

USD-JPY

It should be subject to more sell off towards 104.26 or 102.43. Corrective upward swings should face resistance around 108.27 area. A break of 107.77 is bullish.

EUR-JPY

It may meet resistance in 149.54 - 149.82 zone for a drift down to 148.71 zone, after which bounce to 150.45 is anticipated

AUD-USD

It may meet resistance in 0.7924 - 0.7961 zone for a drift down to 0.7812 zone, after which bounce to 0.8010 is anticipated.

USD-CAD

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0797 or 1.0804 if support around 1.0583 hold. After which a pullback to 1.0583 - 1.0543 zone is possible.

EUR-CHF

It should test 1.5943 area after which a sell off down to 1.5704 or extended to 1.5596 area is expected.

EUR-GBP

It is likely to fall towards 0.7840 as its corrective rally could falter in 0.7956 - 0.7918 area. Stop above 0.7993 zone

S3 S2 S1 P R1 R2 R3
EUR-USD 1.3754 1.3916 1.4016 1.4178 1.4340 1.4440 1.4602
USD-CHF 1.0756 1.0894 1.0979 1.1116 1.1254 1.1339 1.1476
USD-JPY 102.39 103.53 104.23 105.36 106.50 107.20 108.33
AUD-USD 0.7727 0.7816 0.7871 0.7960 0.8048 0.8104 0.8193
USD-CAD 1.0357 1.0443 1.0495 1.0581 1.0667 1.0720 1.0805
NZD-USD 0.6557 0.6615 0.6651 0.6709 0.6767 0.6803 0.6861
GBP-JPY 184.18 185.93 187.01 188.76 190.51 191.59 193.34
EUR-GBP 0.7764 0.7823 0.7859 0.7917 0.7975 0.8011 0.8070
EUR-JPY 147.00 148.07

148.73

149.80 150.88 151.54 152.61
EUR-CHF 1.5595 1.5661 1.5702 1.5769 1.5835 1.5876 1.5942

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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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