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GBP/USD, EUR/GBP, GBP/NZD Update

By Jason SenForexNov 10, 2021 05:43AM ET
www.investing.com/analysis/gbpusd-eurgbp-gbpnzd-update-200607910
GBP/USD, EUR/GBP, GBP/NZD Update
By Jason Sen   |  Nov 10, 2021 05:43AM ET
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GBP/USD beat 1.3510/30 to target 1.3570/80 and my selling opportunity at 1.3600/20. Shorts here worked perfectly with a high for the day at 1.3607 and a collapse to my target of 1.3525/15. In fact this was also the low for the day.

EUR/GBP shorts at the 200 day moving average at 8585 worked on the slide to second support at 8520/10 for profit taking on any remaining shorts. A low for the day exactly here so longs also worked on the bounce to 8550.

GBP/NZD shot higher to strong resistance at 1.9050/70 but shorts need stops above 1.9090 (which looks likely today's high as I write).

Today's Analysis

GBP/USD try shorts again at 1.3600/20 targeting 1.3560, perhaps as far as minor support at 1.3525/15. Below here look for 1.3470/60. A selling opportunity at 1.3600/20. Try shorts with stops above 1.3635. A break higher targets 1.3570/75.

GBP Chart
GBP Chart

EUR/GBP holding below 8550 retests support at 8520/10. Try longs again with stops below 8500. A break lower targets 8475. Longs at 520/10 target 8550 before first resistance at the 200 day moving average at 8585/95. A break above 8600 is a buy signal for this week.

EUR/GBP Chart
EUR/GBP Chart

GBP/NZD shorts at strong resistance at 1.9050/70 target 1.9895, perhaps as far as 1.8950. A break above 1.9090 targets 1.9170/80.

GBP/USD, EUR/GBP, GBP/NZD Update
 

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GBP/USD, EUR/GBP, GBP/NZD Update

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Comments (2)
Jessy John
Jessy John Nov 10, 2021 2:24PM ET
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How do i get your updates
Rajat Jain
Rajat Jain Nov 10, 2021 11:52AM ET
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you are he best analyst i have ever seen...i am saying this after following you for one year...you give the best calls..
 
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