Weekly Forex Overview: EUR/USD, GBP/USD Bullish Reversals

December 18, 2017

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.

 

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