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
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.