Friday market analysis: GBP/CHF & CAD/JPY

Hello traders,

long time no see…

The market in the past few days gave no quality setups, so I decided to take a chill pill. Also, the news calendar was riddled with high impact news, which is not a good time for any trader to trade.

Let’s see if Friday’s setups will fetch us some pips before we draw the weekend curtains

 

1. GBP/CHF

 

The key support zone and 200 ma is finally broken on the GBP/CHF.

If the close of the daily candlestick further authenticates the bearish breakout, then the green zone is our NPSZ

 

 

2. CAD/JPY

 

CAD/JPY is currently resting on a key support zone, and the 200 ma is also touching the key support zone.

The close of the daily candlestick above the key support zone will further boost our confidence to join the buyers to  NPRZ

 

NOTE:

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