Hello traders,
Let’s hit the charts:
1. EUR/USD
EUR/USD is approaching a key resistance area (1.18818 – 1.18599)
If we do get a reversal, price is most likely to return to a previous support level (1.17733), and a breakout will further encourage buyers to drive price to resistance level 1.19541
The overall trend is bearish, but we still need confirmations before selling (if that happens), so we need to be cautious with this setup
2. GBP/JPY
GBP/JPY currently has a bearish outlook, and if the close of the 10 pm candlestick gives us further confirmation, our next possible target area would be 151.290 – 150.892
What say you?
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