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

By Jason SenForexSep 03, 2021 03:08AM ET
www.investing.com/analysis/gbpusd-eurgbp-and-gbpnzd-forecast-200600848
GBP/USD, EUR/GBP And GBP/NZD Forecast
By Jason Sen   |  Sep 03, 2021 03:08AM ET
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GBP/USD beat resistance at 1.3790/1.3810 for a buy signal.

EUR/GBP very choppy, but unable to beat 8600.

GBP/NZD broke the August low at 1.9642 and only support this week at July low at 1.9540/20. Outlook negative.

Today’s Analysis

GBP/USD beat resistance at 1.3790/1.3810 for a buy signal targeting 1.3835/40 (hit) and 1.3860/70, perhaps as far as 1.3900.

Holding above 1.3830 is positive for today. However below 1.3820 risks a slide to support at 1.3790/80.

EUR/GBP holding above 8600 is a buy signal, targeting 8665/70.

First support at 8570/60. Second support at 8545/35.

GBP/NZD holding below 1.9540/20 was a sell signal initially targeting 1.9470 and support at 1.9410/00. A big profit on any shorts!! We bottomed exactly at the support. Longs need stops below 1.9370.

Longs at 1.9410/00 target 1.9470/80, perhaps as far as 1.9520/30.

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 Forecast
 

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

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