Technical outlook for the upcoming week.
Silver:
Silver is in an uptrend - 1st chart is the weekly. We can see the massive line in the sand at $26.86. It's acted as support several times in the past.
For longs that would be a very good area to act as a profit target. Could we see Silver reverse at that level?
Immediate support is found in the $23.14 area. Immediate resistance comes in the $24.50 zone.
Outlook is bullish for Silver. Let's see how this market opens on Monday. Presently, I think we need to break out of this range of consolidation and retest.
GBPJPY
GBPJPY is trending up. A look at the weekly shows us ranging between 147.92 and 156.59
I'd consider the area marked below as a potential entry long.
The 153 zone has acted as resistance previously. Can it act as support?
EURAUD
EURAUD collapsed this week, through it's Weekly support level on the chart.
On the daily - could we see a retest of support acting as resistance @ 1.4460.
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