Forex Forecast Video
Forex Forecast Technical Outlook Video for The Yen. $EURUSD and $USDJPY weekly forecast for the week of May 22th.
Forex forecast for $USDJPY this week
Price has pushed back into $114. We are looking at price now retesting the yearly lows at 108.50. This week I’m expecting to see price push down into the daily demand zone a109.49 to 108.88. Along the way price will have to deal with a gap that was created back in Apirl and see how strong this bottom truly is. I believe that this market is now in a downtrend and that support/ demand will not hold long term. Bottom line: This we we will see price move down to the daily demand zone and down there will be a decision point if you are looking at buy the failure of price to break the low at 108.50 the daily demand zone would be a good area to buy after.
Forex forecast for $EURUSD
Price was hovering just below the big daily supply zone of 1.10. Over the past few weeks we have see price continue to break up. So as we are looking what what future price action could happen. I’m seeing the strong winds to the upside prevail and for this to be potential a good area to buy at if you have not been paying attention to our Forecasts on EURUSD and are not already long. We are looking for price to continue to soar up to 1.12 to the big weekly supply zone up there this week. If you are long then perhaps you can find this area as good area to average in according to your trade plan. Check out this weekly video as we dive deeper into this topic.
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