Ding-Ding! It's a fresh week with another opportunity to make 100 pips from the Forex market.
We've hit hard on the major pairs (EUR/USD, GBP/USD, USD/CAD and EUR/JPY) and came up with the most likely price movements for this week. Hop on them to start making money immediately!
The pair is currently consolidating. New support at 1.1630 and a break below 1.1620 may result in further sell. Only a move above 1.1650 will lead to a bullish push. See chart for more details.
BIAS: Ranging/Likely Bearish
The Cable Pair is currently caught in a range from 1.3810 to 1.3740. Scalp the range and follow price breakouts from these levels.
BIAS: Ranging/Likely Bullish
There is currently a massive consolidation between 1.2390 and 1.2320. Trade the range and follow breakouts from these levels.
BIAS: Consolidation/Likely Bearish
The pair is slowly reversing now with a slightly stronger JPY-Yen. Price may pull back to 132.30 before a further drop to 131.60/131.30 support levels.
BIAS: Bearish/Possible Consolidation
What are you waiting for? Go ahead and take the trades now while they are still fresh; they are worth 100 pips!
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