Yahoo Finance Technical Update For GBP/USD, GBP/JPY & GBP/AUD: 15.06.2018
GBP/USD
Even if 1.3210-1.3200 support-zone triggered the GBPUSD’s pullback, the pair can’t be termed strong even for a short-term unless it clears the six-week old descending trend-line, at 1.3435 now. However, the 1.3300, the 1.3340 and the 1.3400 could entertain buyers for the time being. Should prices rally beyond 1.3435 TL, the 1.3480 and the 1.3525 could quickly appear on the chart. On the downside, the 1.3240 and the 1.3220 can offer immediate supports to the pair before highlighting the 1.3210-1.3200 region again. In case the quote dips beneath the 1.3200 round-figure, the 1.3130 can act as intermediate halt during the pair’s plunge to 61.8% FE level of 1.3100.
GBP/JPY
With two-month long downward slanting trend-line restricting the GBPJPY’s upside, the pair continues to signal the 146.20 support re-test unless clearing the 147.75 TL barrier. If the pair dips below 146.20, the 145.70 and the 145.05-144.95 are likely following numbers to please the sellers ahead of looking at the 144.00 and the 143.15 rest-points. Meanwhile, pair’s successful break above 147.75 trend-line enables it to claim the 148.10 and the 148.70 resistances but the 200-day SMA level of 149.80, adjacent to 150.00 psychological-magnet, could disappoint the Bulls. Assuming that the pair manages to surpass 150.00 mark, the 150.60-65 and the 151.15 may prove their presence.
GBP/AUD
Compared to previous two pairs, the GBPAUD is nearer to its resistance, i.e. the 1.7790-95 horizontal-area, and presently struggles with the same to justify its strength. Given the pair conquers the 1.7795 hurdle, also cross the 1.7800 round-figure, upper-line of ascending trend-channel, at 1.7855, may try challenging the optimism but break of which can recall the 1.7900-1.7910 zone on the chart. Alternatively, the 1.7720 and the 1.7670 might serve as nearby rests for the pair, which if broken could push investors to emphasize on the 1.7600 mark, comprising channel-support. Should the 1.7600 fail to stop the pair’s decline, the 1.7515, the 1.7425 and the 1.7390 support-levels are worth observing.
Cheers and Safe Trading,
Anil Panchal
This article was originally posted on FX Empire
