Weekly Preview : Bears vs Bulls

EURUSD

Scenario 1

Euro found strong resistance at 1.14 – 1.15 area and while holding below it the pair could head toward 1.08 – 1.07 support zone where It can bounce
EURUSD Daily Chart

Scenario 2

Euro still trading within an upward channel and holding above 1.1 support area so the pair can make another push higher toward 1.19 – 1.22
EURUSD Daily Chart


GBPUSD

Scenario 1

Pound found strong resistance at 1.56 – 1.57 area and now approaching support zone 1.5000 where It can bounce
GBPUSD Daily Chart

Scenario 2

If Pound holds above 1.52 – 1.50 it can still make another push higher toward 1.58 – 1.60
GBPUSD Daily Chart


USDCAD

Scenario 1

Loonie could find a new top around 1.345 – 1.355 before correcting toward 1.29 – 1.27
USDCAD Daily Chart

Scenario 2

Loonie reached multi year target 1.34 and could correct to support area 1.29 – 1.27
USDCAD


USDJPY

Scenario 1

While Yen holding above 118 It can retest the highs 124 – 125 before making another correction
USDJPY Daily Chart

Scenario 2

While Yen holding below 122 the pair can still correct toward 110
USDJPY Daily Chart

AlienOvichO

Full time Trader & Analyst