GBPForex Prediction Sept 5

GBP forex Technical Outlook

Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.7641 or 1.7588. Major support is clustered around 1.7572 limit.

- weekly : trend down

R3 : 1.7954

R2 : 1.7866

R1 : 1.7811

Pivot : 1.7722

S1 : 1.7633

S2 : 1.7578

S3 : 1.7489

Today prediction range Gbp/Usd : 1.7570-1.7750

Other Technical Outlooks

EUR-USD

Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.4290 or 1.4246. Major support is clustered around 1.4115 limit.

USD-CHF

It should trade lower to 1.1022. Resistances are at 1.1111 and 1.1144. A break of 1.1130 is bullish

USD-JPY

Market should meet resistance at 107.53. We expect then an extended move down to 106.62 -105.68 area.

EUR-JPY

Overall structure is bearish. Decelerating momentum could attract it towards supports at 152.35 or 151.85. Major support is clustered around 149.16 limit.

AUD-USD

Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8191 or 0.8163. Major support is clustered around 0.8072 limit.

USD-CAD

It may attempt a test higher to 1.0699 after which weakness may set it to a drift down to below 1.0593 limit.

EUR-CHF

Market should not go lower than 1.5810. After this move down it should go up to 1.5879 - 1.5934 area.

EUR-GBP

There is bearish potential for a fall to 0.8067 while 0.8127 - 0.8144 resist. After this fall a recovery up to 0.8144 or 0.816 is expected.

S3 S2 S1 P R1 R2 R3
EUR-USD 1.4166 1.4253 1.4307 1.4394 1.4482 1.4535 1.4623
USD-CHF 1.0951 1.0999 1.1028 1.1076 1.1123 1.1152 1.1200
USD-JPY 105.93 106.54 106.92 107.53 108.13 108.51 109.12
AUD-USD 0.8099 0.8167 0.8209 0.8278 0.8346 0.8388 0.8457
USD-CAD 1.0487 1.0547 1.0584 1.0645 1.0705 1.0743 1.0803
NZD-USD 0.6605 0.6669 0.6709 0.6773 0.6837 0.6876 0.6940
GBP-JPY 186.31 187.99 189.02 190.70 192.38 193.42 195.10
EUR-GBP 0.8033 0.8069 0.8091 0.8126 0.8162 0.8184 0.8220
EUR-JPY 150.30 152.01 153.07 154.79 156.50 157.56 159.28
EUR-CHF 1.5760 1.5826 1.5867 1.5933 1.6000 1.6040 1.6107

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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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