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Trade Setups on US Dollar at Weekly Pivot Point

By Admiral Markets

The EUR/USD, GBP/USD, and USD/JPY have reached critical breakout levels as price approaches the weekly Pivot Point, key trend lines and major Fibonacci zones. The EUR/USD will either challenge 1.13 resistance or 1.10 support whereas the GBP/USD is building a silent retracement for more bearish momentum. Lastly, the USD/JPY is at key bounce or breal spot.

Pivot Point Trading: Identifying Support and Resistance Levels with a Pivot Point Indicator

Article by Admiral Markets

Source: Trade Setups on US Dollar at Weekly Pivot Point

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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