Hello traders,
let’s hit the charts:
1. GBP/JPY
On the 4 hour time frame of the GBP/JPY, the ascending trendline has held price for close to a month now.
The key resistance zone is also doing a good job to keep the bulls at bay. If price breaks through the key resistance zone, then buyers next bus stop will most likely be 162.795
2. GBP/CHF
On the GBP/CHF, the buyers started their campaign after hitting support level 1.13089 (which is a valid historical support zone if checked through the lens of the monthly time frame)
The only time I will join the buyers on their campaign will be if the key resistance zone is broken. If that happens then we can join the trend and ride it to the next possible resistance zone (which is the zone painted brown)
What say you?
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