FOREX TRADERS

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$GBPUSD and $USDJPY Forex Forecast

On $GBPUSD this week,
image of GBPUSDprice has failed to break the daily supply at 1.300 and now we are seeing a possible new downtrend as price has broken 1.2775 and we see a flip-flop of demand become supply with the new daily supply zone forming at 1.2775 up to 1.2978. Over the past week I feel that price has been ranging around and for the up and coming week I believe that price will break to the downside as there’s some good room to move down to the demand zone at 1.2575 down to 1.2498.


On $USDJPY this week, price has tested the lows at 108.79 and has found support down there and I’m looking for a really good retracement back up to 112 area and possible higher. Price just barely touch 108.72 daily demand zone. And has recoiled hard off that zone. I believe that price will chop around at little as it makes it way up to $112. But wouldn’t be surprised to see it at $113 this coming week.

Watch the Full Video Analysis & Forecast for these two Currency Pairs HERE >>>>