Weekly forex forecast for GBPUSD, NZDUSD, USDCAD, USDJPY, MAY (18 – 22, 2020.)

GBPUSD: This pair broke a major level of support on Friday closes, and close below 0.21664 support level.

This coming week i will be looking foe sell opportunity if price retest my OTZ and did not close above it.

The next support at 1.17814, it will take a daily close below 1.17814 to expose the next level of support.

NZDUSD: This pair has been in consolidation for period of weeks now, finally we had a break out on Friday from ascending channel and price close below the channel on Friday closed.

This coming week i will be looking for short opportunity from a retest of channel neck, the next support at 0.58386.

It will take a daily close below 0.058386 to expose the next support level.

USDCAD: The trend is uptrend with bullish flag formation which shows will still much in uptrend.

It will take a close above channel to expose the next resistance level at 1.45592.

This coming week if price break up and close above channel on a daily closes basis, i will be looking for buy opportunity.

UADJPY: Price broke out from the ascending channel 11th May and closed above the channel, price has come to retest several times.

This coming week as long as 107.075 support hold on a daily basis i will be looking for buy opportunity .

The next resistance at 108.334, and the next support level at 105.967

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