GBPForex Prediction Sept 24

GBP forex Technical Outlook

There are initial signs of a good corrective recovery towards 1.8577 or even 1.8612. Supports at 1.8496 and 1.8450 zone.

- weekly : trend down

R3 : 1.8704

R2 : 1.8642

R1 : 1.8604

Pivot : 1.8542

S1 : 1.8479

S2 : 1.8441

S3 : 1.8379

Today prediction range Gbp/Usd : 1.8400-1.8640

Other Technical Outlooks
EUR-USD	Preferred view is for a fall to below 1.457 while 1.4646 – 1.4698 area resists. A clear break of 1.4774 would be bullish
USD-CHF	Market should hold major support at 1.0721 before rising towards 1.0927 or even 1.0990 limit.
USD-JPY	It may meet resistance in 105.56 – 105.60 zone for a drift down to below 104.71 zone.
EUR-JPY	There is bearish potential for a fall to 154.02 while 155.16 – 155.47 resist. After this fall a recovery up to 155.47 or 155.79 is expected
AUD-USD	Current fall seems to be over near 0.8303 or 0.8248 for a rebound towards 0.8358 – 0.8399 area.
USD-CAD	It should stay in a range trading between 1.0327 and 1.0422 for a while.
EUR-CHF	It should be subject to more sell off towards 1.5870 or 1.5825. Corrective upward swings should face resistance around 1.5917 area. A break of 1.5984 is bullish.
EUR-GBP	It looks more likely that it would rise to above 0.7944 or 0.7957 from 0.7907 or 0.7883. After which a downside move to below 0.7857 is expected.

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