Sterling bullish against the Euro, although neutral and bearish against other majors.

Posted on Posted in Currency Forecasts

GBPEUR – fails to breakthrough short and medium term resistance. Potential support around 1.17 with resistance at 1.19.

GBPUSD – could potentially break through resistance at 1.265. Support at 1.22.

GBPJPY – potentially heading towards the bottom the range at 1.35. Resistance is currently just above at 1.43

GBPCHF – Could potentially trade up to 1.27 if breaks short term resistance at 1.26. Support around 1.23.

 

GBP Versus Currency Mid-Market Price 1 Month Change 6 Month Change Change Since Brexit Charts and News
EUR 1.1668 1.16% 0.93% -10.62% EUR
Trend Bullish Neutral
USD 1.2425 1.36% -4.85% -15.97% USD
Trend   Neutral Neutral    
JPY 140.1267 -0.40% 6.68% -9.44% JPY
Trend Bearish Bullish
CHF 1.2414 0.46% -0.63% -12.51% CHF
Trend   Neutral Neutral    
AUD 1.6196 -0.81% -5.67% -17.75% AUD
Trend Bearish Bearish
CAD 1.6245 -0.11% -3.50% -14.27% CAD
Trend   Bearish Bearish    
ZAR 16.2514 -2.75% -7.80% -24.67% ZAR
Trend Bearish Bearish
PLN 5.0529 0.42% 1.44% -11.44% PLN
Trend   Neutral Neutral    
SEK 11.0271 0.47% 0.47% -9.36% SEK
Trend Neutral Neutral
NOK 10.3388 -0.76% -3.92% -15.32% NOK
Trend   Neutral Neutral    

 

Prices correct as 1.pm. Trends are based on technical indications. 1 and 6 month changes based on latest closing prices. This analysis is intended as a guide and does not take into account individual timescales or currency requirements.