Hello Traders,
Let’s hit the charts:
1. EUR/USD
EUR/USD has reached a key resistance zone.
The reason why this zone is very important is because the whole of last week price got rejected around resistance level 1.18809-1.18902
If price is rejected again this week, we may see price re-visit support level 1.18547, and if the bulls continue where they left last week, price may hit 1.19227
2. GBP/JPY
On GBP/JPY, resistance level 153.293 is a critical level we should be watching out for.
If the bulls are well motivated and resistance level 153.293 is broken, price may most likely go further up to hit resistance level 153.849.
If the week also resumes with the bears taking over the market, resistance level 153.293 may be a turning point for price, and price re-visiting support level 152.078 may happen.
3. NZD/JPY
NZD/JPY closed bullish last week, but for it to continue its bullish move this week, it has to first of all break the 77.092 resistance level.
A bullish breakout of the 77.092 resistance level means we may most likely see price hit 77.806, and a reversal of price at the present level may also give the bears a go-ahead to pull price back to support level 76.355
What say you?
ATTENTION:
For those who are interested in joining our FREE trading group on Telegram, where trade ideas are discussed, which may assist your trading career while being infected by positive vibes
Smash the link: https://t.me/joinchat/FN30PxlwXbk2BcuTDdH5yg
