Weekly forex forecast for EURGBP, AUDUSD, GBPAUD, GBPCHF (May 4 – 8, 2020 )

EURGBP: Buyers were able to defend 0.86803 support in Friday before market close.

This coming week as long as 0.86803 support hold on a daily basis, we could see a pullback and look for buy price action .

The next resistance come at 0.89895



GBPAUD: Price came into my OTZ and will have massive buy from the zone on Friday and the market close bullish with and engulfing candle

This coming week i will be looking out for buy price action on a pullback close to my OTZ .

The next resistance is at 1.97316

GBPCHF: Price came into my OTZ and was rejected with a bearish pinbar formed on a daily chat, this signify sell opportunity and price sold off from my OTZ before Friday market close.

This coming week i will be adding to my sell position as long as price did not break out my OTZ . the next support is at 1.16813

AUDUSD: Price has came into my OTZ on Friday and i sold from the zone.

This coming week i will be adding to my sell when price make pullback and did not break out from my OTZ on a daily closes.

The next support is at 0.61794

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