Weekly forex forecast for GBPUSD, NZDJPY, USDCAD, EURJPY, CADJPY, May (25 – 29, 2020.)

GBPUSD: Last week post i discourse on gbpusd for bearish formation and you can see how the pair sold off from the resistance about 90 pips and close below the key resistance on Friday at market close.

This coming week my bias still remain selling the pair, as long as 1.22475 resistance intact, i will be adding to my short.

The next support at 1.19739

NZDJPY: Fundamental has been driving market seriously this COVID 19 period , last week NZD was so strong due to economy data that was released.

Nzdjpy met with strong resistance on Thursday last week and price was rejected many times which show weakness.

This coming week i will be looking for short opportunity on a pullback.

EURJPY: Price is currently inside ascending channel creating HH & HL.

This coming week i will be looking for buy opportunity as long as price does not break below my shaded zone OTZ . The next resistance is at 119.017

CADJPY: Eurjpy and Cadjpy look the same and am expecting a bullish continuation in this coming week as long as price does not break below my OTZ .

The next resistance is at 78.360

 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.

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