gbpforex.com

GBP forex Technical Outlook

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9603 or 1.9689 if support around 1.9531 hold. After which a pullback to 1.9531 - 1.9498 zone is possible.

- weekly : trend down

- monthly : trend down

R3 : 1.9691

R2 : 1.9632

R1 : 1.9595

Pivot : 1.9535

S1 : 1.9476

S2 : 1.9439

S3 : 1.9379

Today prediction range Gbp/Usd : 1.9484-1.9653

GBP forex Technical Outlook

Market should meet resistance at 1.9487. We expect then an extended move down to 1.9423 -1.9356 area.

- weekly : trend down

- monthly : trend down

R3 : 1.9656

R2 : 1.9592

R1 : 1.9552

Pivot : 1.9487

S1 : 1.9423

S2 : 1.9383

S3 : 1.9318

Today prediction range Gbp/Usd : 1.9350-1.9550

The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration. The latter is a strong subject to the influence of any important for the human society event in the sphere of economy, politics and nature. Consequently current prices of foreign currencies evaluated for instance in the US dollars fluctuate towards its higher and lower meanings. Using these fluctuations in accordance with a known principle “buy cheaper – sell higher” traders obtain gains. Forex is different in compare to all other sectors of the world financial system thanks to his heightened sensibility to a large and continuously changing number of factors, accessibility to all individual and corporative traders, exclusively high trade turnover which creates an ensured liquidity of traded currencies and the round - the clock business hours which enable traders to deal after normal hours or during national holidays in their country finding markets abroad open.

Read the rest of this entry »

GBP forex Technical Outlook

It should trade higher to 1.966 while 1.9551 or 1.9511 offers support. Stop loss below 1.947 zone.

- weekly : trend down

- monthly : trend down

R3 : 1.9742

R2 : 1.9669

R1 : 1.9624

Pivot : 1.9551

S1 : 1.9478

S2 : 1.9433

S3 : 1.9360

Today prediction range Gbp/Usd : 1.9450-1.9650

 Technical Outlook

A correction down to 1.9564 folowed buy a mouve up to 1.9647 or 1.9679. A break above 1.9730 would accelerate this bullish move.

- weekly, monthly : trend down

R3 : 1.9726

R2 : 1.9682

R1 : 1.9654

Pivot : 1.9610

S1 : 1.9566

S2 : 1.9538

S3 : 1.9496

Today prediction range Gbp/Usd : 1.9531-1.9700

Signal GBPForex Gbp_Usd

Buy LIMIT at 1.9760

TP1 : 1.9790

TP2 : 1.9850

Gbp Forex Prediction :

Market looks set for gains towards 1.9863 or above in extension. Dips should find support at 1.9682 - 1.9633 zone.

- weekly, monthly : trend down  Â

R3 : 1.9966

R2 : 1.9859

R1 : 1.9793

Pivot : 1.9685

S1 : 1.9578

S2 : 1.9512

S3 : 1.9404

Today prediction range Gbp/Usd : 1.9660-1.9850

It should register further gains to 1.9534 while 1.9381 caps downside attempts. Stop loss below 1.9329 zone.

- weekly, monthly : trend down  Â

R3 : 1.9629

R2 : 1.9563

R1 : 1.9522

Pivot : 1.9457

S1 : 1.9391

S2 : 1.9350

S3 : 1.9285

Today prediction range Gbp/Usd : 1.9285-1.9550

Market should meet resistance at 1.9594. We expect then an extended move down to 1.9521 -1.9389 area.

- weekly, monthly : trend down  Â

R3 : 1.9805

R2 : 1.9724

R1 : 1.9674

Pivot : 1.9593

S1 : 1.9512

S2 : 1.9462

S3 : 1.9381

Today prediction range Gbp/Usd : 1.9425-1.9590

Buy STOP at : 1.9755, SL : 1.9720, TP1 : 1.9780, TP2 : 1.9800

This signal only from posting untill end of today.