British Pound, GBP / USD, GBP / AUD, GBP / CAD, GBP / NZD – Technical Outlook
The British pound is trying to restore some lost seats US dollar late, but the broader trend is still cautiously lower to GBP /USD. A combination of a 20-50 day “Death Cross” Simple moving averages (SEA) and growing support from 2020 onwards support the declining outlook. Watch the 50-day SMA closely, it may restore focus to lower when prices are higher.
GBP / USD daily card
The British pound may extend exchange rate growth Australian dollar as GBP / AUD will continue to trade above the former 1.8453 – 1.8527 resistance zone. It’s like ‘KuldristThe bias between 20- and 50-day SMAs will continue to increase in the near future. The immediate obstacle appears to be 123.6% Fibonacci extension at 1.8789. At lower revs, monitor the SMAs carefully. They can act as a key support.
GBP / AUD daily schedule
The British pound may continue to consolidate against Eurojust Canadian dollar. Although GBP / CAD bias may be preferred. This is followed by a break above the declining trend line from February and between the Golden Cross between 20- and 50-day SEAs. Immediate resistance points appear to be 1.7427, followed by 1.7570. For lower turns, pay close attention to the 1.7177 – 1.7230 turning zone.
GBP / CAD daily card
The British pound may continue to be cautiously higher for the target group New Zealand Dollarwith increasing support from December onwards, supporting the GBP / NZD bias. The immediate obstacle seems to be the turning zone 1.9879 – 1.9961. However, monitor the RSI closely. Negative discrepancies may occur if event prices reveal a August high of 2.0271. That would be a sign of fading momentum, suggesting a lower turn.
GBP / NZD daily card
– Written by Daniel Dubrovsky Strategist to DailyFX.com
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