Hello traders,
Some interesting setups are lined up for Tuesday.
1. GBP/USD
GBP/USD has finally showed its hand.
Since the beginning of February 2023 the key resistance zone did a good job by holding the buyers. By the close of the daily candlestick (10 pm), if we still have a strong bullish candlestick, then we should join buyers to the NPRL
2. USD/JPY
USD/JPY bears is highly likely to encounter some resistance at the key support zone.
If the support zone holds, then we may see NPRZ revisited again.
3. GBP/CHF
I shared GBP/CHF setup on our weekly analysis
Today we can see that the buyers have broken the resistance zone and 200 ma. However, we still need to wait for the close of the daily time frame just to authenticate our bias.
If the bulls are authenticated, then price next bus stop will most likely be 1.14228
4. EUR/CHF
EUR/CHF has the same outlook as GBP/CHF.
All we need is to get a confirmation for our bullish bias, and that will be the close of the daily candlestick, before we join the buyers to NPRZ
What say you?
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