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Trading Support and Resistance \u2013 USD/JPY, USD/CHF

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Check out this week's Trading Support and Resistance - Forex Forecast

Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of May, I forecasted that the EUR/USD and GBP/USD currency pairs would rise in value.For the month of June, I forecast that the GBP/USD currency pair will rise in value.Last week, I made no weekly forecast, as there were no unusually large counter-trend price movements, which is the basis of my weekly trading strategy.

Last week was dominated by relative strength in the Canadian Dollar, and relative weakness in the US Dollar.

 

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