Admiral Markets - Analytics

    Admiral Markets

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    Weekly Forex Overview: Forex candles & Fibs

    The EUR/USD building a bearish retracement but a bullish bounce will most likely not be able to break resistance, the GBP/USD could bounce at the -27.2% Fib target, but the rally could be part of a retracement for more bearish price movement to the -61.8% target, the USD/JPY is challenging the monthly low of May and the AUD/USD can be viewed both bullish and bearish, check out why the 0.7420 is important to make a distinction.

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