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.

S3 S2 S1 P R1 R2 R3
EUR-USD 1.3340 1.3441 1.3503 1.3603 1.3703 1.3766 1.3866
USD-CHF 1.1285 1.1334 1.1364 1.1413 1.1462 1.1492 1.1541
USD-JPY 99.72 100.56 101.09 101.93 102.78 103.30 104.14
AUD-USD 0.6811 0.6938 0.7017 0.7144 0.7272 0.7351 0.7478
USD-CAD 1.0895 1.0947 1.0979 1.1030 1.1082 1.1113 1.1165
NZD-USD 0.6021 0.6118 0.6178 0.6276 0.6373 0.6433 0.6530
GBP-JPY 172.28 174.59 176.02 178.33 180.64 182.07 184.38
EUR-GBP 0.7667 0.7706 0.7730 0.7769 0.7808 0.7832 0.7871
EUR-JPY 134.02 135.73 136.79 138.50 140.22 141.28 142.99
EUR-CHF 1.5346 1.5411 1.5451 1.5516 1.5580 1.5620 1.5685

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