Hey traders,
I just got a headache trying to scan through the market for great setups.
Sadly I got just two setups to write about. Let’s hit the charts:
1. GBP/CHF
Friday came to an end with a key support level (1.25057) broken on the GBP/CHF.
We can also see price being indecisive by forming a consolidation after the breakout. This week, if the bears get motivated, there is a huge tendency that price could continue its downward movement to the next possible support level (1.23483)
My bearish bias will only hold if a bearish confirmation happens, and if not, there is a possibility that price may re-visit resistance level 1.25549
2. EUR/JPY
On the EUR/JPY, the middle descending resistance trendline has not been doing badly.
This week it is possible that we may see another reversal since price is around the descending resistance trendline.
All we need to check (like I always say) is for a bearish confirmation, and price next stop could be 128.026
What say you?
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