Market Review: Currencies ( EUR/ USD, GBP/USD, USD/JPY ) Weekly Outlook – 26th August – 30th august

Last Update: 26th august 2013

The EUR/USD has seen no real change since our last outlook.

The GBP/USD continues to be the strongest pair In the market. It climbed towards the 1.5720 major resistance , where it hit the 200 SMA on the weekly chart.

 

GBP-USD Chart - 26th August 2013 ( 1)

GBP-USD Chart – 26th August 2013 ( 1)

The pair is staging a downward correction and can reach the 1.5410 support, which can be used as a great buying opportunity.

 

GBP-USD Chart - 26th August 2013 ( 2)

GBP-USD Chart – 26th August 2013 ( 2)

The USD/JPY is in a triangular pattern on the daily chart. Any break on either side can cause significant movement.

 

USD - JPY Chart - 26th August 201

USD – JPY Chart – 26th August 201

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John Walker

John Walker

Editor at Tradingbroker.co.uk
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as editor at Tradingbroker.co.uk.
John Walker

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