Forex Analysis Video with Future Predictions EURUSD and GBPJPY Week April 27th
We will be looking EURUSD and GBPJPY this week, as these two markets I believe are starting to do something new when in reference to trend.
On EURUSD, if you recall we have been looking at a new uptrend developing and waiting for a pullback back down to $1.06 before a continued rally up to $1.10. Well over the past couple of weeks that is exactly what has happened. Now, we are looking for price to break the most recent highs at $1.09 and give a good test of the daily supply zone at $1.0823 up to $1.0906. Bottom Line: Our elite software has been saying that a new uptrend was forming on this market and we are now seeing the proof of that here. Will price confirm or not? I believe we will see a new High above 1.0906 this coming week.
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On GBPJPY this week, We are looking for price to continue to the upside after find good demand at daily demand zone of $136.76 down to $134.99. If this continues long term, then we are looking to see price back up at $145. This market has been wedging and coiling for the past several months but I believe we are about to see a new UpTrend develop on this one. This week, I’m looking for price to move all the way up to $145 and lets see how truly strong the daily/weekly supply zone is up there. Now to remind you that this supply zone was formed from the Brexit in the middle of last year. I believe though that it was a good choice for Britain from a currency standpoint and that we will see continued strength of the pound.
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