The pair is consolidating sideways above 1.3125 and it may bounce off from that support next week considering the rather impressive spinning top candlestick it has formed at that level on the four-hour time-frame.
Eurusd/gbpusd
GBP/USD forecast
USD/JPY Analysis
The move to the upside did begin and the pair will likely continue rising towards the resistance at 1.3200.
The USDCAD finds a resistance at the 1.3200 level, but the pair is still in a bullish trend on the daily chart and it could try heading higher. Above the 1.3200 level, its next resistance could be the 1.3289 level and to the downside, the 55 day EMA along with the 1.3100 level could act as support.
Eurusd/gbpusd
GBP/USD forecast
GBPUSD pair short
The pair is trying to correct, I'm still bearish, tho. I hope it reaches 1.30.
USD/CAD broke out above 1.3200 and it will likely break out above 1.3300 to continue moving to the upside.
I got squished. I decided to blame the algos!
It could not break out above 1.3320 and began retracing, next target is likely at 1.3200.
USD/CAD reached 1.3200 and it is still quite bearish, there will likely be a breakout below that level. Next target is probably at 1.3140 - 1.3150.
The pair is consolidating sideways above 1.3185, after a breakout the pair will likely continue moving to the downside.
USD/CAD bounced off from 1.3185 and it is moving to the upside, to the sideways consolidation's resistance at 1.3255.
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