Top Forex Brokers – Forex Weekly news and analysis For March 24 – 30, 2025
The index is in an ascending channel, with a bearish flag pattern forming. The price is testing resistance at 5775.
•If it breaks above this level and exits the channel, the uptrend may continue to 5825, with 5950 as the next target.
•If the price fails to break resistance, a decline toward 5700 is likely.
The pound broke out of the ascending channel and is now testing support at 1.2907. The price is currently heading toward resistance at 1.2970.
•If the asset breaks through resistance, it could continue rising to test levels between 1.3014 and 1.3076.
•If the price fails to break the support level, it may decline to 1.2907.
The Japanese yen is testing both the descending trend line and the resistance level at 149.76.
•If the price breaks through the resistance, it could rise to 151.31.
•If the price fails to break through this level and consolidates below the support level at 148.95, it may resume its decline to 147.10.
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