Hybreed Weekly Forex Forecast: Week Ending 14th To 18th September 2020 - Investment - Nairaland
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| Hybreed Weekly Forex Forecast: Week Ending 14th To 18th September 2020 by Investogist: 7:51am On Sep 14, 2020 |
GBPUSD The cable closed above 1.32545 resistance level on Friday. 1.32545 has played out as a tough level for buyers to break in order to send the pair higher. Anyone who read my last weeks’ forecast already knows that I advised we take a wait and see position last week so as to let the market show us the direction it intends to take in the long run. Friday’s rally of 156 pips closed convincingly above 1.32545. Given the extended move on Friday, a retest of 1.32545 will provide the best risk to reward ratio of 3.18R. Patience is all that is needed for this and mostly across pairs of the USD like AUDUSD, NZDUSD, USDZAR and USDNOK. Read full article at https://investogist.com/forex-forecast-analysis-for-the-week-ending-31st-august-to-4th-september-2020/ |
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