*Updated as of Friday’s close, 13 April 2018*
EURGBP has broke and closed below the mid weekly level (0.86914), and this might indicate further downside for this pair for the next few weeks. On Friday’s close, the pair showed a pin bar and it would provide a good entry point if the pair showed some slight pullback. The area to watch would be the mid weekly level or the lower boundary of the daily zone (0.87101).
Price to watch: 0.86914, 0.87101
USDJPY traded back to previous high, which is also a previous resistance level (107.765) and showed weakness on the upside with a long wick on the upside on Friday’s close.
For the next week, it is possible that the pair will continue on the downtrend. The conservative price to watch is previous structure low (105.877).
Price to watch: 105.877
Monthly Levels: Represented in Red
Weekly Levels: Represented in Blue
Daily Levels: Represented in Black
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