Sunday 29 May 2016

Some suggestions for the next week - my favourite pairs

EUR/USD

Visibly the pair is trying to reach its support at ​​1.1000. It is quite possible, that before going to south, the price would slightly grow: first level to watch for resistance: 1.1170, next - 1.1240. After the pair reached its bottom at 1.1000, it may bounce from strong rebound, in which it would rise above $ 1.1300.



GBP/USD

Upward trend still remains, as pound is under influence of Brexit, which final result is going closer and closer to "Yes". The nearest resistance is at around 1.4800. At the beginning of the week the pair may make correction to its support at 1.4500, so it could renew its upwards movement.



USD/JPY

The pair is at its resistance of 110.50. Most probably we would not start the week with break of this level. But if we do, the next resistance is seen on 111.00.
Immediate support levels: 109.40, 108.50.


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