Weekly Forex Forecast
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 23, 2017 here.
EUR/JPY Returns to the 130 Peak after ECB Comments
The EUR/JPY pair respected the support level at 128.50 for many sessions lately, which supports continuing the upward momentum, the pullback was only due to profit taking.
USD/JPY: Persistence Bearish Momentum.
Friday is the third bearish session of the USD/JPY settling below 112.00 level, with the negative affect on the USD from Trump policies.
Increasing Bearish Pressure on GBP/JPY
Like the case in the previous technical analysis, we still expect that any gains for the pound will be a new sell opportunity.
GBP/USD Daily Forecast
As expected earlier any gains of the GBP will be a selling opportunity, because the British economic sectors are producing unstable results and always affecting negatively, in addition to the renewed fears of a hard BREXIT.
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