Hello Traders,
It’s mid-week already, let’s see what our charts have for us…
1. GBP/JPY
GBP/JPY has spent almost an entire two weeks trying to break resistance level 135.740.
The consolidation band was broken with the close of yesterday’s daily candlestick. Presently we are seeing a bearish doji on the daily chart.
We may have to wait in order to see how today’s daily candlestick closes before we go bearish.
If a bearish move is confirmed by our system, price next possible support level would be 126.598.
2. USD/CHF
On the daily chart, price on the USD/CHF has broken the support level (0.99004) of the ascending trendline.
This could further encourage the bears to pull price down to our next possible support level 0.96886.
I wish you a pip-full day ahead.
