21 Jun Forex Weekly Technical Analysis & Chart Review (22th – 26th June 2020)
Forex Weekly Technical Analysis
GBPUSD On the weekly time-frame we are on our way to forming another LH with last weeks candle closing with no wick through the moving averages. Down to the H4 time-frame we can see a clear break of structure. Ideally we need a pullback to from another LH before heading lower. I’m thinking we could pullback to retest the red zone before heading lower!You can join our with paid signal channel on Telegram we have been the most consistent reliable Forex Signals service in world. Join us and change your life. If you want daily profit then you can join with us and get 90% profitable trade always. For more info about our paid group > inbox us or select our service package Click here Forex Signal, Forex Trading , Forex Best Signal Provide
The EURUSD pair moves down. US economic data was better. We may see some correction of existing trend and finally go towards the downside.
GBPJPY As expected, high impact news on Thursday really affected this pair.
The price of this pair has reached support zone . Thus, these are my expectations:
a) If the price breaks 131.72, there will be a strong momentum and it will try to reach a new support around 129.513.
b) Retrenchment is likely to happen. the price will try to reach 132.866 before making a strong bearish trend to the price 129.513.
Gold showing bullish pattern to reach 1800 . Gold showing wedge break out , Reverse head and Shoulder pattern and has just broken out and stop loss for Gold 1729 .
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