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EURJPY and GBPUSD Week 28 Outlook |
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 EURJPY Daily Chart | Euro-Yen Weekly Forex Outlook | | 
|  Unchanged as trend is bullish but oscillators now lower on the weekly chart; first immediate support for this rally will be on 166.06
| | Weekly Resistance Levels | | 180.18 | 161.8% Fibonacci Extension Level from 158.59
| | 171.87 | 100% Fibonacci Extension Level from 158.59 | | 170.00 | Psychological Resistance
| | 169.45 | Historic High; Week 26 High
| | 169.11 | Pivot R1
| | Weekly Support Levels | | 166.06 | Pivot S1 | | 165.56 | Ascending Trend Line Support | | 165.30 | 38.2% Fibonacci Retracement Level (169.45 to 158.59) | | 164.54 | Pivot S2 | | 164.02 | 50% Fibonacci Retracement Level | | 163.01 | Pivot S3
| | 162.74 | 61.8% Fibonacci Retracement Level | | 162.67 | 38.2% Fibonacci Retracement Level (169.45 to 151.70) | | 160.58 | 50% Fibonacci Retracement Level (169.45 to 151.70) | | 158.59 | Week 19 Low
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| Euro-Yen Daily Forex Outlook | | 
| Daily outlook is still flat with oscillators moving lower as Stochastic crossed; 38.2 Fibonacci support proves strong and bears will continue to try to break below to bring towards 30 June low of 166.06 | | Daily Resistance Levels | | 171.81 | 61.8% Fibonacci Extension Level (possible strong resistance) | | 170.90 | 50% Fibonacci Extension Level | | 169.98 | 38.2% Fibonacci Extension Level from 167.03 | | 169.45 | Historic High; Week 26 High; 26 June High | | 169.11 | Weekly Pivot R1 | | Daily Support Levels | | 166.06 | 30 June Low; Weekly Pivot S1 | | 166.50 | 38.2% Fibonacci Retracement Level (169.45 to 161.72)
| | 166.58 | 50% Fibonacci Retracement Level | | 165.30 | 38.2% Fibonacci Weekly Retracement Level | | 164.66 | 61.8% Fibonacci Retracement Level | | 164.54 | Weekly Pivot S2 |
 GBPUSD Daily Chart | Pound-Dollar Weekly Forex Outlook | |
|  Price continue to consolidate with price retraced from 2.0005 as MACD still pointing above; downside support first at 1.9777 with 1.9636 as critical support for the bulls to hold
| | Weekly Resistance Levels | 2.0397
| March 2008 High; Week 11 High
| | 2.0273 | Week 12 High
| | 2.0164 | Pivot R3 | | 2.0084 | Pivot R2 | | 2.0025 | 21 April High | | 2.0005 | Week 27 High | | 2.0002 | 61.8% Fibonacci Retracement Level | | 1.9953 | Pivot R1 | | 1.9880 | 50% Fibonacci Retracement Level (1.9363 to 2.0397) | | 1.9873 | Week Pivot | | Weekly Support Levels | | 1.9777 | 38.2% Fibonacci Retracement Level (2.0005 to 1.9408)
| | 1.9742 | Pivot S1 | | 1.9707 | 50% Fibonacci Retracement Level | | 1.9662 | Pivot S2 | | 1.9636 | 61.8% Fibonacci Retracement Level | | 1.9531 | Pivot S3 | | 1.9408 | Week 24 Low
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| Pound-Dollar Daily Forex Outlook | | 
| Daily outlook on the downside at time of posting; strong support like to be seen around 1.9742 with break below should see price moving lower to 1.9662 area | | Daily Resistance Levels | | 2.0197 | 27 March 2008 High | | 2.0113 | 138.2% Fibonacci Extension Level | | 2.0033 | 38.2% Fibonacci Weekly Retracement Level | | 2.0025 | 21 April 2008 High | | 1.9953 | Weekly Pivot R1
| | 1.9873 | Weekly Pivot | | Daily Support Levels | | 1.9777 | 38.2% Fibonacci Weekly Retracement Level | | 1.9745 | 61.8% Fibonacci Retracement Level (2.0005 to 1.9585) | | 1.9742 | Weekly Pivot S1 | | 1.9707 | 50% Fibonacci Weekly Retracement Level | | 1.9662 | Weekly Pivot S2 | | 1.9636 | 61.8% Fibonacci Weekly Retracement Level | | 1.9585 | 23 June Low
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