04 May Weekly Forex Technical Analysis & Review (4th – 8th May 2020)
GBPUSD As you can see the market is in an Uptrend.It is breaking previous Resistance to perform higher highs.The market broke the Resistance at 1.24800 and subsequently retested it.Then it got power and reached the next Resistance at 1.26500 in just one candle!This behavior shows strong bullish price action.So, after that the market started to retrace.Pay attention to the pattern: It is retracing in a form of a parallel channel . 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
EURJPY The price of the Euro fell sharply in 2 months due to the pandemic.A small flag pattern is visible on the chart and as soon as the price reaches the level of 117.500 you could buy,because the price will rise to the target at a key level.
GBPCAD Still Follow bullish trend so guys you can take a short buy trade with your suitable position.
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Good luck Traders.