Last week with many substantial declines from GBP pairs such as GBPJPY and GBPUSD, many of the next trends in the following week are still down, which is also the opinion of many brothers. Join IFIC to see how the market will move next.
#GBPJPY:
GJ closed the weekly candle as a strong bearish candle. It is expected that GBPJPY will resume its downtrend next to the monthly support at 147.538. However, before falling to this level, GBPJPY will likely have a pullback to the 153.415 resistance area and continue to decline slowly to the red support below.
#GBPUSD:
The direction of GU and GJ is almost the same. In the new week, GU is likely to also drop to 1.25710. An immediate bearish pin bar candle at the 1.34211 resistance area is one of the signs that the downtrend will continue. Therefore, please continue to watch selling.
#XAUUSD:
After the rally, XAUUSD almost hit the 1890 threshold, and it fell back to 1791. Gold sideway in this extensive range, making many investors seem unable to react if it rises too quickly and falls too fast. It is expected that XAUUSD will be able to fall further to 1760 and rebound again in the next week. The long-term trend could drop to the 1740 level.
#USDJPY:
The USDJPY weekly candle has shown strong price rejection right at the 115,096 resistance level. Right at this level, the weekly candle represents another week of deep decline; the next destination for UJ could be 112.215 and 109,343.
IFIC Signal
Leave Your Message Now