We have outlooked several promising Forex pairs and the result can surprise you!
USD/JPY looks vulnerable
Information is not investment advice
USD/JPY failed to close last week above the 200-week MA at 111.85. This is a bearish sign. The decline below the 50-week MA at 111.25 will open the way down to the support line and 100-day MA at 100.75. The short-term outlook will remain negative as long as the pair’s trading below the weekly pivot at 111.77.
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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