Good day awesome traders,
Another great Wednesday is knocking on our trading door.
Let’s get down to business.
1. GBP/CHF
After GBP/CHF broke support level 1.29663, it has been on a bearish fall. It consolidated between 1.27279 and 1.26034 for close to 2 weeks.
Presently, price has broken 1.26034, and there is every tendency for price to hit the next support level 1.23891 before the week runs out.
2. GBP/JPY
GBP/JPY is locked within a MAJOR descending channel after a false breakout. Currently, price is on a key resistance level in a MINOR descending channel. There could be a reversal at this point which could send price back down to 140.598 or a breakout which could hit level 146.738
But again, always wait for a confirmation before hitting any button.
3. NZD/USD
Last but not least, we got NZD/USD breakout on level 0.67035. If price succeeds in breaking out, we may may see level 0.68486 acting as next resistance.
Confirmation is key before making decisions to buy or sell.
Do have a great day ahead.
