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