GBP/USD, EUR/GBP, GBP/NZD Daily Forecast
Jason Sen | Apr 27, 2021 05:11AM ET
GBP/USD is building a very slow recovery to first resistance at 1.3920/30. We topped exactly here. The pair has traded in a 300 pip range for almost 2 months.
EUR/GBP topped exactly at first resistance at last week’s high at 8712/19.
GBP/NZD breaks lower to the 100 day moving average at 1.9190/80.
h2 Today’s Analysis/h2GBP/USD sees minor support at 1.3885/75, with the best support for the day at 1.3830/20 today.
Longs need stops below 1.3800.
We topped exactly at resistance at 1.3920/30. A break higher today targets 1.3950 and 1.3975/85 before a retest of 1.4000/10.
EUR/GBP topped exactly at first resistance at last week’s high at 8712/19 (which also held on the retest on Friday). A break higher targets 8750/60.
First support is at 8665/55, but below 8645 it can target 8630/20 before support at 8600/8590. Below 8585, it can target 8565/60.
GBP/NZD tests the 100-day moving average at 1.9190/80. We bottomed exactly here but longs need stops below 1.9165. A break lower targets 1.9105/00.
Holding the 100-day moving average at 1.9190/80 targets 1.9260/80 with resistance at 1.9300/20. If we continue higher, look for 1.9410/20.
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