May 21, 2015

Forex Forecast for Friday (2015.5.22)

We're seeing bullish price action on GBPUSD and bearish price action on USDJPY.

Bullish: GBPUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.5612 to 1.5740

Bearish: USDJPY (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 120.71 to 121.11

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