XAGUSD Weekly Forecast Jun 23 2014

The XAGUSD  maintained a strong  bullish momentum last week ,topped at the 20.98  levels and printed support at the 19.46   levels .This development leaves the pair targeting the 21.60  levels , a halt is likely , but a break would open 22.45  next , further upside will aim the 23.35  levels.

On the downside , support comes at the 20.00  levels ahead of 19.46 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 19.46  levels on a weekly closing basis will reverse risks towards the 18.63  levels , before the next possible rise.

In all , as long as support 19.46  holds on a weekly closing basis , outlook in XAGUSD remains on the upside towards the 21.60  levels ahead of the 22.45  levels .Below 19.46 will reverse risks towards the 18.63  levels……

 

XAGUSD Weekly Forecast Jun 23 2014

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