Forecast on GBPUSD, EURUSD, AUDUSD, GBPJPY, ETHUSD and XRPUSD on 10/18/19

Good afternoon dear friends!

Before the weekend, I have prepared for you a number of forecasts for such tradingInstruments like GBPUSD, EURUSD, AUDUSD, GBPJPY, ETHUSD and XRPUSD.

GBPUSD

Well, let's start with GBPUSD.

As you can see on the chart, the price has reached a strong resistance level of 1.2985 and has now started a downward correction.

I predict that the decline will continue to the support zone, where there are two support lines and the support level of 1.2777, but before this price it is necessary to break a small support line.

EURUSD

If anyone hasn’t noticed, EURUSD has been in a falling channel for a year now and I wouldn’t recommend buying it, especially now.

The price is near the important resistance line of the falling channel and until this line is broken, I do not recommend buying the euro.

My forecast is that the price after touching this line will begin to fall, breaking through the strong support level of 1.11, with the goal of level 1.1

AUDUSD

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AUDUSD, as in the case of EURUSD, is approaching its resistance line.

I predict that the price will not be able to overcome it from a “snap” and there will be a fall from this line to the support level of 0.675

GBPJPY

</strong>GBPJPY has reached an important resistance zone, which is formed by the resistance level of 141.3 and the resistance line.

I predict that the price will roll back from this resistance zone to the level of 137.6

ETHUSD

ETHUSD emerged from a growing channel and began to fall to support level 165.

Price is limited by the resistance line and the support line.

If the price is now starting to rise, you can sell from the resistance line with the target to the level of 165.

XRPUSD

XRPUSD again returned to the support line of the upward channel + the price is at the support level of 0.286

I expect the price to rebound from this support zone and go up, approximately to the resistance level of 0.3

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And for today, dear friends, that’s it!

Good trading and profit to all!

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