Weekly Market Analysis: GBP/JPY, AUD/JPY & EUR/CHF

Hello traders,

There are some interesting setups lined up for the week. Let’s head to the charts:

1. GBP/JPY

Last week we saw GBP/JPY break a key resistance zone that has held price for almost two weeks

This week I will be looking out for buy opportunities on the GBP/JPY. Be aware that the next possible resistance level we should be looking at is about 400 pips plus. The last time price hit that level was around June of 2015.

Let’s see if we can catch a couple of hundred pips this week.

2. AUD/JPY

AUD/JPY have some similarities in structure.

The key resistance zone broken last week on AUD/JPY, was last tested November 2023. From the current price level to the next possible resistance level (102.849) is a little over 400 pips

So, this week, I will be hunting for opportunities to buy

3. EUR/CHF

EUR/CHF is currently around a key resistance zone, and has been struggling to break this zone since last week.

This week I will be waiting to see how the Monday daily candlestick closes. If we do get a strong bearish candlestick, then I will join the sellers to the NPSZ

What say you?

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