Hello Traders,
What are your trading plans for Thursday?
If you don’t have any, I got you covered
Let’s see what charts have for us:
1. USD/JPY
Price on the USD/JPY crossed a key resistance level (106.698) and is currently consolidating.
If we get a bullish confirmation our next possible resistance level will most likely be 107.395.
2. GBP/CHF
Today we saw the GBP/CHF smash through support level 1.19235 of an ascending channel, and price is currently forming a consolidation around the 1.18844 support level.
A bearish confirmation and we may see price hit support level 1.18391.
3. AUD/JPY
On the AUD/JPY, price has finally hit resistance level 76.764, which also gives us a triple top.
The triple top is a little over 3 months old, and a breakout will most likely encourage price to hit the next possible resistance level (78.742)
Personally, this pair is my favorite, simply because there has been a steady build-up before price got to the present resistance level.
4. CAD/JPY
CAD/JPY gave us a good bullish move today.
After price broke through resistance level 80.322, it moved on to the next resistance level (80.757) which it’s currently testing.
We may see price play between 80.322 and 80.757 for a while, however, once the resistance level 80.757 is broken, our next possible resistance level will most likely be 81.722.
What say you?
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