GBP Technical Analysis

GBPUSD

GBPUSD remains well supported on dips to 1.3840/60, with stronger support at 1.3820/1.3800

Resistance can be found first at 1.3940 and then 1.3980/1.4000

EURGBP

The EUR is under pressure ahead of the Bank of England meeting.

Support is now at 0.8600 a break here will open a test of 0.8540

Resistance is at 0.8660 and strong resistance 0.8720, only above here will the outlook improve for the EUR

GBPJPY

GBPJPY sits just below Resistance at 152.20/40 a break up from here will see the GBP try 153.00/153.20

Failure to break 152.20/40 will see the GBP fall back to support at 151.60 or even 150.80

GBPCHF

Buyers at 1.2680 are supporting the GBP, However strong resistance at 1.2740 has capped the upside for some time. A break up from here will target 1.2780/1.2800.

Should 1.2680 break, It will open a potential drop to 1.2620/1.2600 support

All analysis made from using charts provided by http://www.eightdragonscapital.com

for more information email support@8dragonstrading.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: