Hello traders,
let’s hit the charts:
1. GBP/USD
The weekly time frame of the GBP/USD shows us that last week’s weekly candlestick broke a key support zone.
This week there is a possibility that the bears may continue their campaign to the next possible support level (1.20078). This means we will be hunting for selling opportunities this week
2. GBP/CHF
Price on the GBP/CHF is still stuck above the key support zone (1.20792).
Price has been consolidating above the 1.20792 level since February. Personally, I will be waiting for the support zone to get broken, and join the bears to ride price down to the next possible support level (1.16929)
3. NZD/USD
The key support zone on the weekly time frame of the NZD/USD has been compromised. This week, trend traders should watch out for selling opportunities that could lead us to the next possibble support level (0.62027)
4. NZD/JPY
For days now we have seen sellers trying hard to break through the consolidation band without success.
If it happens this week, we could see over 110 pips drop to the first possible support level (82.133), and if the sellers still continue their bearish adventure afterwards, then we may see price hit 80.682
What say you?
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