Forex Daily Charts Outlook

USDJPY - PRICE TOUCHING STRONG RESISTANCE OF 365MA, THE 2 MA ARE FLAT AND THIS MEANS DIRECTIONESS, HOWEVER THE OVERALL TREND IS STILL DOWN. PRICE MAY HOVER BETWEEN THE TWO BLUE SUPPORT AND REISTANCE LINES.

GBPJPY - TOUCHING 150MA, NOTE THE GREEN PIN WHICH SHOWS BEARISH TENDANCY, THEN THERE IS THE INNER BAR FORMED, ALSO THE PAIR OF RED SLOPING CHANNEL LINES WHERE PRICE IS HITTING TOP OF CHANNEL, HENCE PRICE LIKELY TO RETRACE DOWN THIS WEEK.


EURUSD - TRENDING DOWN, BELOW PINK 150MA, OUTLOOK FOR THE WEEK IS DOWN