Weekly Charts 28.07. – 02.08.
EURUSD Weekly Chart
Resistances at : 1.08600 , 1.09500 & 1.09700
Supports at : 1.08350 , 1.08050 & 1.07450
Major Support comes at 1.06800
Major Resistance at : 1.09700
Pattern on this weekly chart calls for another push Up next week.
EURUSD 4H Chart
Resistances at : 1.08600 , 1.08950 & 1.09250
Supports at : 1.08350 , 1.08250 & 1.08150
Current Pattern calls for Test of Supports early week.
USDJPY Weekly Chart
Resistances at : 154.400 , 155.500 , 158.050 & 158.850
Supports at : 151.950 , 147.700 & 146.450
Currently we have to treat this Down move as a Correction, and before we either break Major Support at 147.700 or have another attempt Up and fail to break above 158.850, I wouldn’t rush to declare all over Sell mode .
Weekly Charts 28.07. – 02.08.
GBPUSD Weekly Chart
Resistances at : 1.29450 , 1.29800 & 1.30800
Supports at : 1.28450 , 1.27550 & 1.23950
It is in a Bullish Channel.
There is a high probability it will test 1.30800 next week.
Needs to break it and go over 1.31 to be sure that we are on the way to 1.36 area.
BTCUSD Weekly Chart
Resistances at : 70.750 , 73.850 & 78.400
Supports at : 65.500 , 64.250 & 54.150
This is not a real Currency, so some rules and tricks that apply in Forex might not work exactly on this Crypto baby, but with a bit of imagination, let’s say that we might be looking at Triple Top creation in process.
So if next week it gets rejected at 70.750 , Bitcoin would be destined for a deeper correction at least.
Levels 45.000 and 35.000 come to play.
However, if it breaks above 70.750 , we are looking at 79K and an open space above it – in that case, fasten your seat belts ladies and gentleman .
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