23rd August: Forex Forecast: Pairs in Focus

[Michael Ali]

GBP/JPY having a long term uptrend from OCT 2020 and keep continuing. I do not find any issues here yet, it just keeps going everyday by beating the previous day’s value in the last few days. It is an ideal instrument to invest for the long term and short term.

 

[Michael Ali]

CHF/JPY was set for a sidewise trend after a quick up trend, this scenario is a charming one to invest for a short time period. It recently came back from strong resistance level 118.700 and is moving to real strong support level 116.30. I hope it will come back from this support level for sure.

 

[Michael Ali]

GBP/JPY having a long term uptrend from OCT 2020 and keep continuing. I do not find any issues here yet, it just keeps going everyday by beating the previous day’s value in the last few days. It is an ideal instrument to invest for the long term and short term.