Hello traders,
let’s hit the charts:
1. GBP/USD
On the GBP/USD, 1.17649 is a support level to watch out for
If it holds, we may see price return back to resistance level 1.18993, but if it fails, we still have one last support level to look out for, which is 1.14784
2. EUR/USD
This week there is a huge possibility that the EUR/USD will continue its bearish fall to the key support zone before we see any form of consolidation.
I will be looking for possible sell opportunities on Monday, and ride it into the blue zone.
3. AUD/USD
My eyes are peeled on price breaking through the key support zone on the AUD/USD
If that happens, then our next possible support level would be 0.67680. That said, don’t expect price to just fall through the key support zone as the market opens.
We may see price consolidate within the key support zone, or possibly see a pullback to N.P.R.L (Next possible resistance level) before the fall.
4. GBP/CHF
On the weekly chart of the GBP/CHF we can see that the bears have fully taken over.
This means we can hunt for bearish trade opportunities, having in mind that support level 1.11134 is our next possible support level, which is over 200 pips away.
5. NZD/JPY
An uneven head and shoulder pattern can be spotted on the NZD/JPY
If price breaks the key support zone, and the neckline, we should be looking for sell opportunities, and ride to fall to the next possible support zone.
What say you?
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