Hey traders,
let’s hit the charts:
1. GBP/USD
On the GBP/USD, resistance level 1.41119 is an area for the buyers to break or restrain from.
If price breaks out, we may most likely see the bulls pull price to the next possible resistance level (1.41535)
If a reversal happens, then price next visit would be support level 1.40034
2. AUD/JPY
Last week we saw price on the AUD/JPY break resistance level 84.999
If the bulls remain motivated this week, we may see price hit 85.405 as the 1st possible resistance level.
If the bullish pressure is strong enough we may see price also hit the 2nd possible resistance level (85.750)
3. XAU/USD (GOLD)
Last week Gold formed higher lows, only to be stopped around a key resistance level (1846.70)
This week if I am to go bullish, I will wait for price to break the key resistance area. If that happens, then price next possible stop would be 1929.76
What say you?
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