Forex Daily Forecast, Analysis and Prediction

According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.

The USD/JPY pair had a bearish session on Monday, as the pair ran into the 79 – 80 resistance zone. The pair had risen quite a bit over the last week or so, and as a result it wasn’t a surprise to see a bit of a pullback at this point.

EUR/USD had a fairly quiet session on Monday as the markets simply have no real catalyst to push them in either direction. However, I do have to admit that the action looks relatively supportive at this point in time.

GBP/USD has been a bit of a juggernaut lately. After all, this pair has been banging against the 1.57 – 1.58 resistance level even as the bears sell off aggressively. Although this pair hasn’t broken out to the upside yet, the fact is that the buyers are simply not giving up.

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Many of the major pairs were bullish last week. See where these pairs are headed and where to make your moves for the upcoming week.

CHF/JPY is a pair that is a study in which direction the safe haven trade is going typically. However, with the Swiss National Bank working against the value of the Swiss franc in such a direct fashion, the characteristics of this pair have changed quite a bit over the last year or so.

The EUR/USD pair continued to tread water during the Friday session, stubbornly refusing to go down for any real length of time. We have seen this out of Europe before, and it does tend to frustrate those of us that understand the enormity of the problems on the continent.

The AUD/USD pair could be one of the more interesting charts as we enter the Monday trading session. Friday saw this pair selloff quite strongly, but he did in the day above the 1.04 handle, suggesting that there could be a bit of support in that general vicinity.

The GBP/USD pair had a pretty stellar day when you look at how it started. The fact that the pair tried to break down, and even broke down below the bottom of the three shooting stars only to turn around and bounce is extremely impressive.

EUR/USD had a bullish session on Thursday as the 1.2250 level has held as support again. The candle did not quite clear the top of the shooting star from the Tuesday, but the action was bullish enough that it essentially would mean the same thing.

The AUD/USD pair had a slightly bullish session on Thursday as the 1.05 level looks to hold as support again. We had formed a hammer on the Wednesday close, and this of course suggested that the 1.0450 level was going to hold as support as well.

Check out our expert trader's recommendation for the XAU/USD pair.

According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.

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