By Admiral Markets
The EUR/USD is expected to show a bullish bounce as it approaches multiple support zones. There is also a bullish breakout opportunity once price breaks above resistance.
The GBP/USD is in a similar spot but also offers bearish breakout potential if price manages to break below the S1 weekly pivot point. Ultimately price is better position at the moment for a bullish break.
The USD/JPY is showing bullish momentum but resistance Fibs are nearby and could send the pair down to 110.
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Many green pips,
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Article by Admiral Markets
Source: Weekly Forex Overview: EUR/USD, GBP/USD Bullish Reversals
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.
