GBP/USD, EUR/GBP, GBP/NZD Daily Forecast
Jason Sen | Apr 19, 2021 06:29AM ET
GBP/USD held strong resistance at 1.3800/1.3820 again until late in the day, Monday.
EUR/GBP hit the next target of 8690/8700 and was holding this level until the end of last week.
GBP/NZD rocketed off the 100 day moving average support at 1.9170.
h2 Today’s Analysis/h2GBP/USD finally beat strong resistance at 1.3800/1.3820 after holding this level all week. Holding above here targets 1.3860 and strong resistance at 1.3880/90 this week.
Strong support at 1.3820/00. Longs need stops below 1.3780. A break lower to targets 1.3750/40 perhaps as far as 1.3720/15.
EUR/GBP held 6 pips below very strong resistance at 8725/30. A break higher this week meets strong resistance at 8755/60. First support at 8660/50 but below 8640 can target 8625/20.
GBP/NZD tested the 100 hour MA at 1.9355/65. Above 1.9375 opens the door to 1.9410/30 today. Further gains target 1.9480/1.9500.
First support at 1.9325/15. A break below 1.9300 risks a slide to 1.9265/55 with strong support at 1.9200/1.9180. Longs need stops below 1.9155.
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