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Posted on Jan 13, 2020 at 10:06 AM
Not sure of what your favorite Forex majors would do this week? Here's our forecast on the direction of EUR/USD, GPB/USD, USD/CAD and EUR/JPY for this week. (13th - 17th Jan, 2020)
Technical Analysis Forecast For (13th-17th January, 2020)
EUR/USD: Price is trapped in a consolidation. A break above 1.1130 signals Bullish dominance. Otherwise, falling below 1.1100 would mean Bearish continuation. Wait & watch to make your informed entry.
BIAS: Pullback for BEARISH Continuation.
GBP/USD: More Sells in sight. Descending slowly for more entries & targeting 1.3000.
BIAS: Bearish continuation.
USD/CAD: Price may drop to the 1.3020 price area before further BUYs. However, retracement above 1.3060 will mean Bullish continuation.
BIAS: Bearish pullback for Bullish continuation.
EUR/JPY: Price did rise to the 121.00 Resistance area & above therefore the bulls are now in charge. We BUY from 121.40 price area.
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