Forex Analysis Video with Future Predictions EURUSD and GBPJPY Week April 27th

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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