Weekly Market Analysis: GBP/USD, USD/JPY & EUR/JPY

Hello traders,

let’s hit them charts:

1. GBP/USD

The key resistance zone proved difficult to break last week, and we saw sellers dominate the market all through the week.

Last week Thursday price broke below the resistance zone, and ascending support level. This gave us a clear indication that the sellers dominated the market all through last week, and we are most likely going to see a continuation of the downward movement this week

This week I will be waiting to see how price reacts on the lower time frame before joining the sellers to NPSZ

2. USD/JPY

Last week on the USD/JPY, there was a strong reversal after price hit a key support zone and the 200 ma. Also there was a resistance zone breakout before the close of the market on Friday.

All I will be focusing on is…, buy opportunities.