Weekly Forex Forecast for the week of September 29th
In this week’s Forex forecast, we will be looking at the potential movements in the currency markets. The following charts will provide insights into possible trends and patterns that traders can use to make informed decisions.
EUR/USD:
The EUR/USD pair has been trading in a range between 1.1600 and 1.1800. If the pair breaks above the 1.1800 level, we could see a potential uptrend towards 1.1900. On the other hand, a break below 1.1600 could signal a downtrend towards 1.1500.
GBP/USD:
The GBP/USD pair has been trading in a downtrend, with key support levels at 1.2800 and 1.2700. If the pair breaks below 1.2700, we could see a further decline towards 1.2600. However, if the pair manages to break above 1.2900, we could see a reversal towards 1.3000.
USD/JPY:
The USD/JPY pair has been trading in a range between 105.00 and 107.00. If the pair breaks above 107.00, we could see a potential uptrend towards 108.00. On the other hand, a break below 105.00 could signal a downtrend towards 104.00.
Overall, traders should keep a close eye on these key levels and trends to make informed decisions in the Forex market for the week of September 29th.