Hello traders,
let’s hit the charts:
1. USD/CAD
USD/CAD has reached a key resistance level (1.29381) on the daily time frame, and on the 4-hour time frame we can see a breakout of a minor support level (1.28546)
There is a huge possibility that price will most likely revisit a previous support zone (1.27662 – 1.27310)
2. GBP/JPY
This week we saw price on the GBP/JPY break a descending channel resistance level (151.094) for the second time.
Since yesterday price has been struggling to break resistance level 152.625 but has failed so far. If the bears come in at this level, there is a possibility that price may revisit support level 151.094.
What say you?
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