WeeklyForexReview

WeeklyForexReview

The pound has a little further to climb versus the dollar. This week ahead will be all about correcting the dollars price from most recent FOMC before continuing its ascent into greater bullish zones. With most recent fundamentals strengthening the Dollar, we have to look at our other pairs and take advantage of the confluences and circumstance. BUY @ 1.2472 STOP...

WeeklyForexReview

Confluences with strong probability, Technical & Fundamental. INSTAGRAM - @WeeklyForex

WeeklyForexReview

So our Fibonacci Retracement suggests that the pairs next leg would indeed be bearish to our -0.27 Fib then correct and continue the downtrend commenced in may this year. We were rejected on this major support line towards the end of November and corrected to our 38.2 Fib but with price being rejected here also, is readily approaching the Major Support level...