12 Jul Forex Weekly Analysis Price Forecast – Forex Signals ( July 12 – 16th July 2021)
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Gold was traded in a range last week, with a low around 1790 and a high around 1820, and every time I don’t have an idea of the short-term direction, I look at a long-term picture. And, on the weekly chart, we can clearly see that the trend is up and, at this point, we also have a higher low in place marked by a pin bar 2 weeks ago. Also, this pin bar is in line with an important support at 1750. That being said I will look to buy Gold next week for short-term speculation.
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GBPJPY is on creating new descending channel with S/R very clear now. Watch for moving up to resistance that might continue to support again.
GBPCHF fell from the range And touched the key support level below Now, we are seeing a nice recovery But there is a resistance level on its way And I am expecting a bearish reaction With a chance of retesting the support again Short.
GBPNZD The level where the price is trading right now is decent and the price will most likely bounce from that.
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