according to ForexTeam short term market research, we can say with high probability, that this week USD Index (#USDX) will goes down slowly with small pullbacks to resistance level. Please, pay attention to the following price levels:
Resistance level = 99.20-99.30 Support level = 98.30-98.10
Probably,the same weekly bearish trend will be for the following forex pairs: USDCHF and USDJPY
our ForexTeam would like to give you some advices about price behavior on forex this week.
We are not sure if this week currency pair GBPUSD could break importain resistance level at 1.2978.
If this break up will not occure at price level of 1.2978, than it is more probable that price goes down to support level at 1.2835-1.2780.
Resistance level=1.2978 Support level=1.2835-1.2780
Be careful with GBPUSD, it’s pretty crazy horse ))
P.S. Here is the screenshot from ForexTeam app with GBPUSD sell limit at price level 1.2985 (added on 16.05.2017)