Good afternoon dear friends!
Before the weekend, I prepared a number of forecasts for you on such trading Instruments like GBPUSD, EURUSD, AUDUSD, GBPJPY, ETHUSD and XRPUSD.
Well, let's start with GBPUSD.
As you can see on the chart, the price has reached a strong resistance level of 1.2985 and has now started a downward correction.
I predict that the decline will continue to the support zone, where there are two support lines and the support level of 1.2777, but before this price it is necessary to break a small support line.
If someone did not notice, then EURUSD has been in the falling channel for over a year now and I would not advise buying it, especially now.
The price is near the important resistance line of the falling channel and until this line is broken, I do not recommend buying the euro.
My forecast is that the price after touching this line will begin to fall, breaking through the strong support level of 1.11, with the goal of level 1.1
AUDUSD, as in the case of EURUSD, is approaching its resistance line.
I predict that the price will not be able to overcome it from a “snap” and there will be a fall from this line to the support level of 0.675
</strong>GBPJPY has reached an important resistance zone, which is formed by the resistance level of 141.3 and the resistance line.
I predict that the price will roll back from this resistance zone to the level of 137.6
ETHUSD emerged from a growing channel and began to fall to support level 165.
Price is limited by the resistance line and the support line.
If the price is now starting to rise, you can sell from the resistance line with the target to the level of 165.
XRPUSD again returned to the support line of the upward channel + the price is at the support level of 0.286
I expect the price to rebound from this support zone and go up, approximately to the resistance level of 0.3
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And for today, dear friends, that’s it!
Good trading and profit to all!