GBP forex Technical Outlook
- weekly : trend down
R3 : 1.5645
R2 : 1.5575
R1 : 1.5532
Pivot : 1.5463
S1 : 1.5393
S2 : 1.5350
S3 : 1.5281
Today prediction range Gbp/Usd : 1.5350-1.5570
Prefer for today : BUY position
GBP forex Technical Outlook
- weekly : trend down
R3 : 1.5867
R2 : 1.5809
R1 : 1.5774
Pivot : 1.5717
S1 : 1.5659
S2 : 1.5624
S3 : 1.5567
Today prediction range Gbp/Usd : 1.5550-1.5740
Prefer for today : BUY position
GBP forex Technical Outlook
- weekly : trend down
R3 : 1.5906
R2 : 1.5842
R1 : 1.5802
Pivot : 1.5737
S1 : 1.5673
S2 : 1.5633
S3 : 1.5568
Today prediction range Gbp/Usd : 1.5700-1.5850
Prefer for today : BUY position
GBP forex Technical Outlook
- weekly : trend down
R3 : 1.5773
R2 : 1.5731
R1 : 1.5705
Pivot : 1.5663
S1 : 1.5621
S2 : 1.5595
S3 : 1.5553
Today prediction range Gbp/Usd : 1.5600-1.5790
Prefer for today : BUY position
Forex trading requires analysis of market conditions and forecasting the future. There are two schools of thought in the area of Market Analysis and resulting market movement, these are:
1. Fundamental Analysis:
Fundamental analysis focuses on the economic, social and geo-political forces that drive supply and demand. Fundamental analysts look at various macroeconomic indicators such as economic growth rates, interest rates, inflation, and unemployment. Changes in all such macro-economic indicators of countries whose currencies are being traded have impact on the forex market.
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
|
S3 |
S2 |
S1 |
P |
R1 |
R2 |
R3 |
|
|
EUR-USD |
1.5373 |
1.5436 |
1.5475 |
1.5538 |
1.5601 |
1.5640 |
1.5703 |
|
USD-CHF |
1.0342 |
1.0401 |
1.0438 |
1.0498 |
1.0557 |
1.0594 |
1.0654 |
|
USD-JPY |
102.66 |
103.25 |
103.62 |
104.22 |
104.81 |
105.18 |
105.78 |
|
AUD-USD |
0.9334 |
0.9398 |
0.9438 |
0.9501 |
0.9565 |
0.9605 |
0.9668 |
|
USD-CAD |
0.9907 |
0.9937 |
0.9955 |
0.9984 |
1.0014 |
1.0032 |
1.0061 |
|
NZD-USD |
0.7576 |
0.7624 |
0.7653 |
0.7701 |
0.7749 |
0.7778 |
0.7826 |
|
GBP-JPY |
201.72 |
202.41 |
202.84 |
203.53 |
204.22 |
204.65 |
205.34 |
|
EUR-GBP |
0.7899 |
0.7919 |
0.7931 |
0.7951 |
0.7971 |
0.7983 |
0.8003 |
|
EUR-JPY |
160.73 |
161.19 |
161.48 |
161.94 |
162.40 |
162.69 |
163.15 |
|
EUR-CHF |
1.6218 |
1.6257 |
1.6280 |
1.6319 |
1.6358 |
1.6381 |
1.6420 |
|
AUD-JPY |
97.70 |
98.26 |
98.61 |
99.18 |
99.74 |
100.09 |
100.66 |
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
|
S3 |
S2 |
S1 |
P |
R1 |
R2 |
R3 |
|
|
EUR-USD |
1.5354 |
1.5406 |
1.5438 |
1.5489 |
1.5541 |
1.5573 |
1.5624 |
|
USD-CHF |
1.0363 |
1.0415 |
1.0447 |
1.0500 |
1.0552 |
1.0584 |
1.0637 |
|
USD-JPY |
102.80 |
103.39 |
103.75 |
104.34 |
104.93 |
105.29 |
105.88 |
|
AUD-USD |
0.9328 |
0.9364 |
0.9386 |
0.9422 |
0.9458 |
0.9480 |
0.9516 |
|
USD-CAD |
0.9930 |
0.9972 |
0.9997 |
1.0038 |
1.0080 |
1.0105 |
1.0146 |
|
NZD-USD |
0.7582 |
0.7613 |
0.7632 |
0.7664 |
0.7695 |
0.7714 |
0.7746 |
|
GBP-JPY |
200.51 |
201.51 |
202.14 |
203.15 |
204.15 |
204.78 |
205.79 |
|
EUR-GBP |
0.7888 |
0.7911 |
0.7925 |
0.7947 |
0.7970 |
0.7984 |
0.8006 |
|
EUR-JPY |
159.33 |
160.16 |
160.68 |
161.51 |
162.34 |
162.86 |
163.69 |
|
EUR-CHF |
1.6141 |
1.6186 |
1.6215 |
1.6260 |
1.6305 |
1.6334 |
1.6379 |
|
AUD-JPY |
96.91 |
97.41 |
97.72 |
98.22 |
98.72 |
99.03 |
99.53 |
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.
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
|
S3 |
S2 |
S1 |
P |
R1 |
R2 |
R3 |
|
|
EUR-USD |
1.5291 |
1.5369 |
1.5417 |
1.5496 |
1.5574 |
1.5622 |
1.5701 |
|
USD-CHF |
1.0348 |
1.0387 |
1.0411 |
1.0451 |
1.0490 |
1.0514 |
1.0554 |
|
USD-JPY |
101.99 |
102.54 |
102.89 |
103.45 |
104.00 |
104.35 |
104.91 |
|
AUD-USD |
0.9314 |
0.9361 |
0.9389 |
0.9436 |
0.9483 |
0.9511 |
0.9558 |
|
USD-CAD |
0.9978 |
1.0009 |
1.0028 |
1.0058 |
1.0089 |
1.0108 |
1.0138 |
|
NZD-USD |
0.7592 |
0.7629 |
0.7653 |
0.7690 |
0.7727 |
0.7751 |
0.7788 |
|
GBP-JPY |
198.76 |
200.12 |
200.96 |
202.33 |
203.69 |
204.53 |
205.90 |
|
EUR-GBP |
0.7847 |
0.7876 |
0.7895 |
0.7924 |
0.7953 |
0.7972 |
0.8001 |
|
EUR-JPY |
157.60 |
158.71 |
159.39 |
160.50 |
161.61 |
162.29 |
163.40 |
|
EUR-CHF |
1.6049 |
1.6101 |
1.6133 |
1.6186 |
1.6238 |
1.6270 |
1.6323 |
|
AUD-JPY |
95.66 |
96.44 |
96.92 |
97.70 |
98.48 |
98.96 |
99.74 |
 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
Disclaimer
This information is free. But we are not guarantee that our prediction is true and give you profit. Use this Information wisely. trading currencies at forex markets not really easy. Learn forex trading with forex trading course at forex trading online for managed your forex tradings.
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