Forex Weekly Forecast Sept 11 2017

EURUSD, Bullish Eyes The 1.2357 Levels! GBPUSD Bullish Pressure Builds Up On The 1.3532 Levels...USDJPY Bearish Eyes The 105.35 Levels. XAUUSD Bullish But Around Critical Resistance!WTI Crude Oil Continues To Consolidate!

Majors -987456-min
A collection of major currencies...

EURUSD, Bullish Eyes The 1.2357 Levels!

The EURUSD continued its bullish momentum last week, bottomed at the 1.1867 levels and topped at the 1.2091 levels.

This development leaves the pair targeting the 1.2357 levels, a halt is likely and a reversal may occur, however; a break would open 1.2569 levels, further upside, resistance comes at the 1.2839 levels.

On the downside, below 1.1867 faces a pull back threats to the 1.1615 levels, further down, support comes at the 1.1430/1.1300 levels…

Conclusion: The EURUSD continues to face upside threats above the 1.1867 levels in medium term outlook.

Note: a failure to take out 1.2091 levels (weekly closing basis) could mean a return to the 1.1867 levels…blank


GBPUSD Bullish Pressure Builds Up On The 1.3532 Levels

The GBPUSD continued its bullish momentum last week, bottomed at the 1.2908 levels and topped at the 1.3223 levels.

This development leaves the pair targeting the 1.3532 levels, a halt is likely and a reversal may occur, however; a break would open 1.4000 levels, further upside, resistance comes at the 1.4465 levels.

On the downside, below 1.2908 faces a pull back threats to the 1.2705 levels, further down, support comes at the 1.2514 levels…

Conclusion: The GBPUSD continues to face upside threats above the 1.2908 levels in medium term outlook.

Note: a failure to take out 1.3223 levels (weekly closing basis) could mean a return to the 1.2908 levels…blank


USDJPY Bearish Eyes The 105.35 Levels.

The USDJPY continued its bearish momentum last week, topped at the 109.92 levels and bottomed at the 107.31 levels.

This development leaves the pair targeting the 105.35 levels, a halt is likely and a rebound may occur, however; a cut below that level would open 104.00 levels, further downside, support comes at the 101.18 levels.

On the upside, above 109.92/110.91 faces a corrective recovery threats to the 115.19 levels where another fall is likely

Conclusion: The USDJPY continues to face downside threats below the 109.92/110.91 levels in medium term outlook.

Note: a failure to break below 107.31 levels (weekly closing basis) could mean a return to the 109.92 levels…
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XAUUSD Bullish But Around Critical Resistance!

As long as 1328 support holds on a weekly closing basis, the XAUUSD remains on the upside to the 1345 levels, a halt is likely, but a break would open 1392 levels, further upside, resistance comes at the 1448 levels.

On the downside, below 1328 sees a pullback threats to the 1291/1251 levels before another rising…blank


WTI Crude Oil Continues To Consolidate!

The pair is trapped within 45.41/49.81 levels, above 49.81 (is likely) will target 52.00, a reversal may occur here but a break would open 54.09 levels. Below 45.41 sees a fall to the 42.70/40.70 levels. (Minor support: 48.40/46.44).

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