1) Forex Trading Signal For EURUSD
Forex Trend Analysis
As a whole, the trend for this week is still DOWN
Forex Technical Analysis
4 Hourly Chart
The price has retraced quite a lot last week and upon hitting the major weekly R1 pivot resistance, the price moves down quickly. In fact the price has broken the Weekly Pivot Point and has moved down further.
EURUSD 4 HourHourly Chart
You can see the major support level on this chart at 1.41347 as it has been tested several times before.
EURUSD HourlyOverall Forex Analysis
The price will continues to move down this week and therefore I will look for opportunity to go SHORT.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis
As a whole, the trend for this pair is DOWN for the week.
Forex Technical Analysis
4 Hourly Chart
The price is being resistance by the Fibonacci 0.618 Level at the moment. At the same time, there is a weekly R1 pivot resistance slightly above the Fibonacci level. This will give rise to the difficulty in breaking upward.
GBPJPY 4 HourOverall Forex Analysis
I will look to go SHORT for this pair due to the strong resistance this week.
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