Forex 01/07 : Analysis weekly chart

EUR / USD

The currency pair euro / dollar recovered somewhat situation ranks rather than the trend of the last two days last week.

Day Friday formed a kind of shooting star, after she was bullish bearish end of the session as evidenced by the shape of the Japanese candlestick of the session, the course and based near 1.3000.

Currently this is a difficult market to work, it is best to focus on other markets at the moment and refrain from active trader this by projecting the long term, however we can
remain bullish over the short term when we are above 1.30.

GBP / USD
On this second currency pair we were clearly bearish last Friday, the course pursued by our key price level of 1.52500 and finally corrected some few to form a hammer.
This market could well find significant support on this threshold and a situation of range or a bounce upwards are possible.

In the case of ranks it is best to head units short time to draw support and resistance and to take advantage of rebounds both rising and falling on them.

At the moment we are not interested to buy this market, if we ever manage to break down the hammer of the day on Friday we will remain in a downward manner and hence will favor sellers signals to reach 1.5000, which will be the
optimal goal.
EUR / JPY

On this Japanese pair we closed far enough from the resistive level 130.

If we ever manage to break this threshold then the market may continue higher and we would aim for 132.
However it appears that the market does not seem willing to do that as we watch the number of days during which we stayed below, we could very well continue to store near this area for some time, but what will
Either way keep an eye on it, one of the solutions that we offer is the ability to place purchase orders above 130 that will run once this threshold is crossed, until we can
trader units bullish intraday time small movements up to 130 will be our first goal before considering 132.