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.:: 06.02.2017

Forex forecast for 6 February 2017.
 

GBP/USD

In the end of previous week Bank of England disappointed investors. GBP meet reversal at 1.27. The most significant support is 1.24. This level is the best to buy pair. If it holds, next uptrend is possible.

You can view the enlarged chart here.

USD/CAD

On H1 pair meet trendline. If buyers will succeed to break it, then next point is 1.316, while Stop Loss is better to move under 1.298 – USD/CAD bottom for now.

You can view the enlarged chart here.

EUR/GBP

Triangle pattern is seen on D1. Triangle is shape of continuation and we are expecting EUR/GBP will move higher and hit trandline at 0.868. If pair break it, more buyers should come into deals.

You can view the enlarged chart here.

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