Weekly Forex Overview: Chart patterns vs S&R

August 22, 2016

By Admiral Markets

The USD/JPY is at a critical bounce or break spot of the weekly 50% Fibonacci level, the EUR/USD shows a strong bullish weekly candle which could lead to a break of the high before running into massive resistance, the GBP/USD is in triangle and could make impulsive moves up and down, and the AUD/USD is unable to break resistance.

Article by Admiral Markets

Source: Weekly Forex Overview: Chart patterns vs S&R


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