Weekly Insight Of Forex Market With Elysian FX

ACROSS DUBAI, UAE - Dec. 5, 2013 - PRLog -- To begin with, Japenese Yen has caught us up and is still our top forex trade in the week to come. The down slope of JPY against USD is becoming yet a trend for this week and elysian FX predicts that JPY down slope will continue to fall further in the week ahead.

Now that is one focus of this week in Forex market. The second focus is the US Dollar going weaker against the British Pound. The weakening has continued in the past weak and yet again elysian FX predicts that the downfall will continue sharply along with downtrends in Australian Dollar, Canadian Dollar and New Zealand Dollar against US Dollar.

Currencies that have been paired against JPY, time to shine while British Pound and US Dollar have been traded highest point since January 2013. Following a resistance in the shorter time frame trade as of last week, the pair has jumped back and reports are confirming that the uptrend will continue so in the for the coming week.

However, we do know how unstable the market is at this point and no matter our prediction a slight break in this trend would cause the pair to become weak enough to reach the minor support zone. Hopefully, even if the price faces a little resistance, the pair is likely to break through it and reach the level, visiting it for the third time.

Not to mention that the pair of US Dollar against Australian dollar are threatened by a low of 0.8846.

In a nutshell, Eysian FX prediction for USD/AUD pair is further decline in the coming days, USD/GBP will continue despite resistance and USD/JPY will open floors towards a 103.40.

Elysian FX is an online trading broker platform available on Vertex FX 10, that specializes in currencies and commodities having worldwide influence over the markets and providing the best experience for investors. A market where service, support and expertise of professionals come together becoming a market leader to clients, supporting them in financial matters and assisting them with transparent commitment and dedication.