The Week Ahead Report of Forex Market

XM/MT4 EUR/USD Daily Chart

This week we can appreciate a strong downtrend continuation pointed by the long term EMA, the trend is actually testing an important support level of 2012 @ 1.3428 that can eventually turn into a temporal reversal point.

These are the most important support and Resistance levels for this week:

Support @1.3428 (2012)

Resistance 1 @1.3643 (July 07)

Resistance 2 @1.3693 (July 01)

XM/MT4 GBP/USD Daily Chart

We can appreciate a strong up trend that is currently testing a continuation level @1.6978 with a possible first target @1.7164 if a confirmation is made by the charts in the next couple of hours.

These are the most important support and Resistance levels for this week:

Support 1 @1.6899 (May 22)

Support 2 @1.6810 (June 10)

Resistance 1 @1.7032 (July 03)

Resistance 2 @1.7160 (June 24)

XM/MT4 USD/CHF Daily Chart

The pair is at a strong up trend continuation and according the chart the price is about to reach an important Resistance level @0.9066, once there the price may test the previous Resistance and we´ll be able to wait for a possible reversal pattern.

These are the most important support and Resistance levels for this week:

Support 1 @0.8985 (June 03)

Support 2 @0.8942 (July 08)

Resistance 1 @0.9066 (Jan 03)

Resistance 2 @0.9112 (Jan 20)

XM/MT4 USD/JPY Daily Chart

The USD/JPY pair is now following a small and weak down trend and is currently testing a resistance level according to the yellow trend line @101.85, we must wait for the next hours for a reversal confirmation.

These are the most important support and Resistance levels for this week:

Support 1 @101.33 (July 02)

Support 2 @101.15 (July 22)

Resistance 1 @102.16 (July 04)

Resistance 2 @102.72 (June 06)

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the bursatile system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to loose.