GBPForex Prediction Oct 8

GBP forex Technical Outlook

It is likely to fall towards 1.7138 unless a corrective rally breaks the 1.7557 resistance. Stop above 1.7636 zone.

- weekly : trend down

R3 : 1.7816

R2 : 1.7686

R1 : 1.7606

Pivot : 1.7476

S1 : 1.7346

S2 : 1.7266

S3 : 1.7135

Today prediction range Gbp/Usd : 1.7275-1.7620

Other Technical Outlooks
EUR-USD	Market should pop up towards 1.3728 or 1.3867 this bullish scenario would be damaged if 1.3552 – 1.3544 zone is broken, a severe break down could then occur.
USD-CHF	There are initial signs of a good corrective recovery towards 1.1441 or even 1.1468. Supports at 1.1377 and 1.1339 zone.
USD-JPY	It should register further gains to 102.81 while 100.61 caps downside attempts. Stop loss below 99.74 zone.
EUR-JPY	It is likely to attempt nearer support at 135.95 for extending further to below 134.03 while below 137.88 – 139.48 area. Rise above 140.44 would dampen this bearish expectation.
AUD-USD	It may meet resistance in 0.7058 – 0.7146 zone for a drift down to 0.6793 zone, after which bounce to 0.7207 is anticipated.
USD-CAD	One move lower to 1.0977 or 1.0896 is anticipated while below 1.1072 – 1.1112 area. Stop loss above 1.1166 zone.
EUR-CHF	Current move should be supported in 1.5466 zone for a rise to above 1.5686. A break below 1.5346 opens the way down.
EUR-GBP	It should trade higher to 0.7828 while 0.7770 or 0.7749 offers support. Stop loss below 0.7728 zone.

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