Hello traders,
let’s hit the charts:
1. GBP/USD
Since last year December, the key resistance zone has proven difficult to break.
This week we will be seeing resistance zone being tested for the fifth time. If the bulls fail, then we may most likely see price revisit support level 1.18999. However if price breaks the key resistance zone, price may reach the next possible resistance zone market green
2. CAD/JPY
CAD/JPY looks good to sell, but the minor support level is something to consider if joining the sellers.
The bears breaking the 97.852 support level is important before selling. If the breakout happens, then we should target the green zone as our target profit
3. AUD/JPY
My AUD/JPY sell since Thursday last week is still active though the key resistance zone has been tested multiple times after I pulled the trigger, I am still confident that the zone could be respected this week (I may be wrong)
I am bearish because of the key resistance zone and the 200 moving average also serving as the second resistance zone. The daily time frame also shows the current resistance zone is valid
What say you?
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