GBPForex Prediction Oct 31
GBP forex Technical Outlook
There are initial signs of a good corrective recovery towards 1.6516 or even 1.6618. Supports at 1.6285 and 1.6156 zone
- weekly : trend down
R3 : 1.6875
R2 : 1.6699
R1 : 1.6590
Pivot : 1.6413
S1 : 1.6237
S2 : 1.6128
S3 : 1.5951
Today prediction range Gbp/Usd : 1.5900-1.6700
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Other Technical Outlooks |
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EUR-USD |
Preferred view is for a fall to below 1.2680 while 1.2863 – 1.2988 area resists. A clear break of 1.3172 would be bullish. |
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USD-CHF |
It may attempt a test higher to 1.1463 after which weakness may set it to a drift down to below 1.1274 limit. |
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USD-JPY |
It may test to 99.50, and if break up, can up to 101.00 |
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EUR-JPY |
While below 125.82 or 127.57 it could fall towards below 124.07 or 121.3. After which a corrective/consolidation activity is expected to 128.96 zone |
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AUD-USD |
While below 0.6895 it is more likely to fall further towards 0.6688 or 0.662. Premature rise above 0.6895 could see it rising above 0.7031 zone. |
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USD-CAD |
It may meet resistance in 1.2012 – 1.2056 zone for a drift down to 1.1879 zone, after which bounce to 1.2134 is anticipated |
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EUR-CHF |
While below 1.4673 or 1.4751 it could fall towards below 1.4594 or 1.4464. After which a corrective/consolidation activity is expected to 1.4816 zone. |
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EUR-GBP |
Prefer a fall to 0.7853 or 0.7799. Then a correction to 0.7939 is anticipated. A clear break of 0.7734 is again bearish |
| S3 | S2 | S1 | P | R1 | R2 | R3 | |
| EUR-USD | 1.2495 | 1.2683 | 1.2799 | 1.2987 | 1.3175 | 1.3291 | 1.3479 |
| USD-CHF | 1.1099 | 1.1204 | 1.1270 | 1.1375 | 1.1481 | 1.1546 | 1.1651 |
| USD-JPY | 96.39 | 97.12 | 97.57 | 98.30 | 99.03 | 99.48 | 100.21 |
| AUD-USD | 0.6479 | 0.6584 | 0.6650 | 0.6755 | 0.6860 | 0.6926 | 0.7031 |
| USD-CAD | 1.1700 | 1.1836 | 1.1920 | 1.2055 | 1.2191 | 1.2275 | 1.2410 |
| NZD-USD | 0.5667 | 0.5757 | 0.5812 | 0.5902 | 0.5992 | 0.6047 | 0.6137 |
| GBP-JPY | 154.66 | 157.27 | 158.89 | 161.50 | 164.12 | 165.73 | 168.35 |
| EUR-GBP | 0.7735 | 0.7800 | 0.7840 | 0.7906 | 0.7971 | 0.8011 | 0.8077 |
| EUR-JPY | 121.26 | 123.66 |
125.15 |
127.55 | 129.95 | 131.43 | 133.83 |
| EUR-CHF | 1.4463 | 1.4573 | 1.4640 | 1.4750 | 1.4859 | 1.4927 | 1.5036 |
Posted in: gbp/usd prediction

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