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.

Watch the 9 min video here:

Many green pips,


Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Chris Svorcik

Follow
@ChrisSvorcik on twitter for latest market updates.
Connect with
Chris Svorcik on Facebook for latest Forex and education tips.

MT4 Supreme Edition + Volatility Protection

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.