Hello traders,
Some pretty decent moves happened today on the GBP pairs which I missed. I am still basking in the euphoria of the Christmas and New Year holidays
Let’s hit the charts and see what we have lined up for tomorrow.
1. GBP/CHF
GBP/CHF broke a key support level (1.20178) today
Presently we are seeing price resting on support level 1.19278. If the bears continue their run, we may see the present support level get demolished and price could hit 1.18215 as the next possible support level.
However, if we do get a reversal, price next visit would be resistance level 1.20178
2. NZD/JPY
NZD/JPY lost the bullish steam at resistance level 74.581 before it came tumbling down.
Presently support level 73.777 is the only thing holding price from further falling and hitting support level 73.259
Mind you, this could also be a deep pull-back. If it is, price could return back to resistance level 74.581
3. CAD/JPY
If support level 80.694 does not hold price, we could see price hit the 1st support level (80.529) and 2nd support level (80.127)
But, if support level 80.694 stands its ground, there is a huge possibility that price may bounce back to resistance level 81.134
What say you?
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