Hello Traders,
Let’s quickly look at our charts and see what pairs we should be looking at this week, as we roll into 2020.
Are you ready?
Let’s go…
1. AUD/JPY
On the daily chart of the AUD/JPY, we can see that price broke out of a key resistance level (76.143) before the close of the market on Friday.
This week, there is a huge possibility that the Bulls may further pull price to the next possible resistance level (77.523)
2. NZD/JPY
On the daily chart, NZD/JPY closed on Friday with price breaking out of resistance level 73.208.
This week, we could see a slight pull-back before NZD/JPY continues another Bullish move to the next possible resistance level (74.418).
3. GBP/CHF
My eyes are still on the GBP/CHF.
The weekly chart still shows a very strong bearish market. On the daily chart, all we should be looking out for is a breakout of support level 1.26727.
If that happens…
Our next possible support level would be 1.24156.
Those are the three pairs we should be looking at this coming week. I will continue with our market analysis if there are other viable pairs worth discussing.
I wish you all a happy new year in advance.
