GBP/USD, EUR/GBP And GBP/NZD Forecast
Jason Sen | Sep 03, 2021 03:08AM ET
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.
h2 Today’s Analysis/h2GBP/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.
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