FX TECHNICAL ANALYSIS


by Rahul Khanna Chief FX Strategist TraderMade


CURRENCY OUTLOOK


EURUSD WEEKLY CHART EURUSD


remains in an


uptrend and we have recently seen a bounce from 1.2169 support. Hence, we expect a continued upside to


1.2754,


probably 1.3000 (top of the bull channel). Below 1.2169 will avert immediate upside instead will raise chances of a choppy range over the coming months.


Currency Pair EURUSD


GBPUSD WEEKLY CHART


GBPUSD remains in an uptrend and we have recently seen a bounce from 1.3745 support. Hence, we expect a continued upside to 1.4568, probably 1.4799. Below 1.3745 will avert immediate upside instead will raise chances of a deeper dip to 1.3315-1.3450.


Current price 1.2391


Year-End 2018 Target 1.3000


Key Reversal Area 1.2212


Currency Pair GBPUSD


50 FX TRADER MAGAZINE April - June 2018


Current price 1.4106


Year-End 2018 Target 1.4799


Key Reversal Area 1.3724


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