Good day traders,
The first week of September presents us with a “Hat trick”.
Oh yes, three GBP cross-pairs emerge, and what matters is how we utilize them this Tuesday.
Let’s go straight into our charts and see whats popping.
1. GBP/USD
This pair was looked into in our yesterday’s analysis, though on the daily chart.
Narrowing GBP/USD to the 4 hours chart, price has broken out from an ascending channel’s support, there will most likely be a bearish run.
The 1st and 2nd support level(1.27995 & 1.27337) will be the next target profit if you are selling this pair.
2. GBP/CHF
Presently a breakout from a descending channel has occurred on GBP/CHF.
If there is a confirmation for a sell after the close of the candlestick at 10pm GMT, the bears should take price to its first target profit, which is 1.23891.
3. GBP/JPY
GBP/JPY on the daily chart is currently on a bearish run. Narrowing this pair down to the 4hrs chart, a breakout has occurred, a further confirmation would be at the close of the 10pm candlestick.
Do have a great day ahead
