Hey traders,
last week ended dramatically in the market. Last-minute crazy moves gifted some traders extra cash, while it robbed others of their joy
This week we have just two days of trading before we hit the month of December.
Let’s see if we can make some late pips off the market before December comes in:
1. EUR/USD
This week the key resistance zone is something to watch out for.
Price may just hit the key resistance zone before returning back to support level 1.11950. If the bulls are aggressive and break the key resistance zone, then we could see the next possible resistance level get hit (1.15278)
2. AUD/JPY
An ascending channel on the AUD/JPY.
This week we will see if the key support zone can hold the sellers. If it can, then price may revisit resistance level 81.758 before heading to 83.764
However, if the current support level is unable to hold price, then price next stop will most likely be the next possible support zone.
3. CAD/JPY
After the aggressive breakout through the support level of a descending channel, price is taking a breather around a key support zone
At this pont, we may have a pullback, which could take price back to resistance level 89.521, or we may see price consolidate for a while at the current level, before continuing it’s journey down to the next possible support level (87.127)
What say you?
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