Thursday market analysis: USD/JPY & GBP/CHF

Hello traders,

let’s hit them charts:

1. USD/JPY

USD/JPY bulls are gradually losing the war as it is.

If the the daily candlestick gives us a bearish engulfing pattern at this particular key resistance level, then we may most likely see price fall to the NPSZ before the week runs out

2. GBP/CHF

The close of Wednesday daily candlestick showed gave us a Marubozu at a key resistance zone. Today we saw a minor pullback at a key support level on the 4 hour time frame

If the 3pm candlestick closes below the key support zone, there is a huge likelihood that price may hit the N.P.S.Z

What say you?

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