Weekly Forex Review (January 8th - January 12)

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The current resistance is at the 0.6400 - 0.6375 range.

Last week's price action saw the level hold as the price reversed and is currently at 0.6200, a swing point on the chart.

For the coming week, a close and hold below 0.6200 could see the pair rally back to the recently broken 0.6050 role reversal level.

If 0.6200 holds as support and the price paints a continuation of the bullish rally, I will be taking a long take targeting 0.6400 and 0.6500 depending on what the chart prints.

Check out the video analysis for the analysis











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