15 Sep Weekly Forex Review (September 16 – 20 September 2019)
Weekly Forex Forecast
GBPUSD All in all, the technical picture is bullish.
GBPUSD Fierce resistance awaits at 1.2525, which is the confluence of a support line dating back to June, a resistance line from late July, and the 100-day SMA. Next, we find 1.2580, which held GBP/USD down in mid-July. The next cap is 1.2655, which provided support in late June, and 1.2780, that capped it around that time.
Support awaits at 1.2420, which provided support in late July, followed by 1.2380, which had a similar role beforehand and also capped GBP/USD in early September. Next, we find 1.2310, that capped GBP/USD in late August. Further down, 1.2210, was a stubborn resistance line in early August. It is followed by 1.2150, 1.2015, and 1.1958 – the 2019 low. Best Forex Signal Provider
GPCAD Chart analysis: every day we see through the red block diagram and the trend line up above the blue channel, in the bottom of the chart to see a clear W model, then, trade plan: wait to step on the red block below for more buyers to support. Best Forex Signal Service
The USDJPY rose on Friday for the fifth consecutive day. It peaked at 108.25 and the pulled back toward 108.00, holding to a weekly gain of near 125 pips, the best performance in months. US data and higher yields boosted the pair on Friday that kept rising despite technical indicators showing overbought extreme readings.
The weekly chart shows USDJPY heading for the first close above the 20-week moving average and posting the third gain in-a-row as the rally from 2-year lows continues . Wait for resistance touch then we can take this trade with suitable position. Forex Signal Provider 2019
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