GBPForex Prediction Oct 20
GBP forex Technical Outlook
A correction down to 1.7226 folowed buy a mouve up to 1.7344 or 1.7383. A break above 1.7461 would accelerate this bullish move.
- weekly : trend down
R3 : 1.7455
R2 : 1.7395
R1 : 1.7357
Pivot : 1.7297
S1 : 1.7237
S2 : 1.7200
S3 : 1.7140
Today prediction range Gbp/Usd : 1.7290-1.7500
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Other Technical Outlooks |
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EUR-USD |
Downtrend is still intact.It should continue to fall to 1.3395 or 1.3354 if resistance at 1.3436 area doesnt break . Direct rise above 1.3436 could turn the picture bullish for a corrective up move to 1.3461 or even 1.3486 limit . |
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USD-CHF |
It looks set for gains to above 1.1414. Supports at 1.1333 and 1.1354. A break of 1.1311 will damage this bullish structure. |
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USD-JPY |
Uptrend is still intact. It should continue to rally to 101.89 or 102.51 if supports at 101.29 area hold. We anticipate a pullback to 101.29 – 101.02 zone as part of a triangle whitin a bullish structure. Upper break of this triangle lies at 101.89 limit. |
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EUR-JPY |
Current move should be supported in 135.4 zone for a rise to above 138.65. A break below 133.49 opens the way down. |
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AUD-USD |
The current bullish movement should go to 0.6950 or 0.7023. Correction should find support at 0.6811 or 0.6745. A fall below 0.6599 is bearish. |
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USD-CAD |
It should be subject to more sell off towards 1.1772 or 1.1674. Corrective upward swings should face resistance around 1.1924 area. A break of 1.1990 is bullish. |
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EUR-CHF |
One more dip to 1.5166 is likely followed by a grind higher to above 1.5290. After which it can resume his downtrend. |
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EUR-GBP |
Market should meet resistance at 0.7765. We expect then an extended move down to 0.7736 -0.7685 area |
| S3 | S2 | S1 | P | R1 | R2 | R3 | |
| EUR-USD | 1.3305 | 1.3355 | 1.3386 | 1.3437 | 1.3487 | 1.3518 | 1.3568 |
| USD-CHF | 1.1250 | 1.1289 | 1.1313 | 1.1352 | 1.1391 | 1.1415 | 1.1454 |
| USD-JPY | 100.13 | 100.59 | 100.88 | 101.34 | 101.80 | 102.09 | 102.55 |
| AUD-USD | 0.6596 | 0.6702 | 0.6768 | 0.6874 | 0.6981 | 0.7046 | 0.7153 |
| USD-CAD | 1.1659 | 1.1727 | 1.1769 | 1.1837 | 1.1905 | 1.1947 | 1.2016 |
| NZD-USD | 0.5986 | 0.6043 | 0.6078 | 0.6135 | 0.6192 | 0.6228 | 0.6285 |
| GBP-JPY | 172.78 | 173.77 | 174.38 | 175.37 | 176.36 | 176.97 | 177.96 |
| EUR-GBP | 0.7699 | 0.7725 | 0.7742 | 0.7768 | 0.7794 | 0.7810 | 0.7836 |
| EUR-JPY | 133.59 | 134.58 |
135.19 |
136.18 | 137.16 | 137.77 | 138.76 |
| EUR-CHF | 1.5090 | 1.5152 | 1.5190 | 1.5252 | 1.5314 | 1.5352 | 1.5414 |
Posted in: gbp/usd prediction
