Hello Traders,
let’s hit the charts:
1. GBP/USD
GBP/USD is revisiting an important support area and we may see price reversing or break through the area.
In my opinion, this trade is a 50/50 setup. Meaning it could go any direction, so it’s left for us to watch for our confirmation tools.
If we do get a buy confirmation, price may most likely hit the 1.41531 resistance level, and if we do get a sell confirmation, 1.40553 could be price next bus stop
2. EUR/USD
The EUR/USD has another 50/50 setup
In the past week, the key support zone has been visited 3 times, and each of these times, price has been rejected, price rebounds to resistance level 1.22362
Are we going to see that repeat itself this time, or are we going to see the bears break the support zone and go further down to hit support level 1.21257?
3. USD/CHF
USD/CHF has a nice narrowing channel setup.
Price is close to resistance level 0.89971. If we do get a confirmation to sell, 0.89448 could be our next possible support level, and a bullish breakout may take price to the next resistance level (0.90343)
What say you?
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