GBPForex Prediction Sept 16

GBP forex Technical Outlook

While below 1.8162 it is more likely to fall further towards 1.7881 or 1.7799. Premature rise above 1.8162 could see it rising above 1.8326 zone.

- weekly : trend down

R3 : 1.8326

R2 : 1.8187

R1 : 1.8101

Pivot : 1.7963

S1 : 1.7824

S2 : 1.7739

S3 : 1.7600

Today prediction range Gbp/Usd : 1.7760-1.8150

Other Technical Outlooks

EUR-USD

There are initial signs of a good corrective recovery towards 1.4455 or even 1.4666. Supports at 1.4164 and 1.4058 zone.

USD-CHF

It may meet resistance in 1.1156 - 1.1164 zone for a drift down to 1.1131 zone, after which bounce to 1.1218 is anticipated.

USD-JPY

It look like to 103.90, after which bounce to 104.80 is anticipated.

EUR-JPY

Current fall seems to be over near 148.85 or 147.49 for a rebound towards 150.21 - 151.04 area.

AUD-USD

There is bearish potential for a fall to below 0.7964. up correction could find resistance around 0.8114. Rise above 0.8165 could weaken this bearish view.

USD-CAD

Corrective dips should ideally halt near 1.0676 or 1.0639 for one more thrust upwards towards 1.0728 - 1.078 area or 1.0854 in extention. Fall below 1.0602 puts it back on a downward path.

EUR-CHF

Market should meet resistance at 1.5934. We expect then an extended move down to 1.5869 -1.5766 area.

EUR-GBP

While below 1.8162 it is more likely to fall further towards 1.7881 or 1.7799. Premature rise above 1.8162 could see it rising above 1.8326 zone.

S3 S2 S1 P R1 R2 R3
EUR-USD 1.3873 1.4024 1.4118 1.4269 1.4421 1.4514 1.4666
USD-CHF 1.0941 1.1026 1.1079 1.1640 1.1249 1.1301 1.1386
USD-JPY 102.98 103.89 104.45 105.36 106.27 106.83 107.74
AUD-USD 0.7861 0.7957 0.8016 0.8112 0.8208 0.8267 0.8362
USD-CAD 1.0494 1.0563 1.0606 1.0674 1.0743 1.0786 1.0854
NZD-USD 0.6428 0.6499 0.6543 0.6614 0.6685 0.6729 0.6800
GBP-JPY 184.35 186.22 187.38 189.25 191.12 192.28 194.15
EUR-GBP 0.7847 0.7884 0.7907 0.7944 0.7981 0.8004 0.8041
EUR-JPY 145.77 147.45 148.50 150.18 151.87 152.91 154.60
EUR-CHF 1.5731 1.5808 1.5856 1.5933 1.6010 1.6058 1.6135

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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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