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GBP/USD, EUR/GBP And GBP/NZD Daily Forecast

By Jason SenForexApr 20, 2021 06:00AM ET
www.investing.com/analysis/gbpusd-eurgbp-and-gbpnzd-daily-forecast-200574085
GBP/USD, EUR/GBP And GBP/NZD Daily Forecast
By Jason Sen   |  Apr 20, 2021 06:00AM ET
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GBP/USD beat strong resistance at 1.3800/1.3820 to target strong resistance at 1.3880/90 but continued higher to the next target of 1.3955/75.

EUR/GBP collapsed to first support at 8625/20 and bounced back to 8650/60. We then crashed from 8670 to 8595/90.

GBP/NZD rocketed off the 100 day moving average support at 1.9170 beating minor resistance at 1.9355/65 to hit our next targets of 1.9410/30 and 1.9480/1.9500. We topped exactly here.

Today’s Analysis

GBP/USD straight through 1.3880/90 to the next target of 1.3955/75 as we look for a test of resistance at 1.4015/25. A break above 1.4035 targets 1.4050/55 and 1.4080. A break below 1.3965 risks a slide to 1.3920/10.

EUR/GBP holding strong support at 8595/90 targets 8625/30. Strong resistance at 8660/65.

Strong support at 8595/90 but below 8585 can target 8565/60.

GBP/NZD topped exactly at the upper target of 1.9480/1.9500. First support at 1.9375/65. 2nd support at 1.9330/20.

Minor resistance at 1.9420/30 before a retest of strong resistance at 1.9490/1.9500. A break above 1.9510 opens the door to very strong resistance at 1.9565/75. Shorts need stops above 1.9590.

GBP Chart
GBP Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

GBP/USD, EUR/GBP And GBP/NZD Daily Forecast
 

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GBP/USD, EUR/GBP And GBP/NZD Daily Forecast

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