Tricky Friday presents us with GBP/JPY & GBP/CHF

TGIF traders,

let’s see what the charts have for us this Friday.

1. GBP/JPY

GBP/JPY started a bearish run yesterday, formed a consolidation, and judging from the 2 am bearish engulfing candlestick.

We may most likely see the bears dominate the market once more and our next possible support level would be 151.476

2. GBP/CHF

GBP/CHF has hit a very important resistance level (1.27958) and the last candlestick was a bearish engulfing candlestick.

We may see price return back to support level 1.26828

What say you?

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