TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR GBPUSD, GBPJPY, CADJPY, AUDNZD( 17TH OCTOBER —21ST OCTOBER 2022)
Hey everyone! Welcome to this Tradewithbolu’s weekly Analysis for the week ending October 21st, 2022. This week, we will be taking a look at 4 Pairs and will be sharing our take on these pairs. These pairs include: GBPUSD, GBPJPY, CADJPY, AUDNZD. let’s dive in
Firstly we would be checking out the FOREX Market News to have a heads up on what is in store Fundamentally for this week.
GBPUSD
Price is currently respecting a downward trendline with a 4th touch already and could be making it’s way back down to the zones we have highlighted.
GBPJPY
We are seeing price taking the last week’s liquidity and we could see a push to the downside. Bearish candle sticks are already forming which gives more confirmation to our bearish bias.
CADJPY
We have highlighted a bullish order block that previously broke structure. We expect a possible return to the orderblock with a continuation to the upside.
AUDNZD
We have marked out two potential rejection zones that we could see price retrace to and reject from back to the downside.
Ensure you validate entries with candlestick patterns as extra confirmations
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.
