Let’s go Tuesday presents us with EUR/USD & GBP/JPY

Good day Traders,

let’s quickly hit the charts…

 

 

1. EUR/USD

EUR/USD is currently at the verge of breaking out of a key support area (1.11855) after price was rejected at level 1.12095.

If the 2 am candlestick closes below the support line, we have a higher probability that EUR/USD will remain bearish for the rest of the day.

1.11339 may be our next possible support level.

 

 

2. GBP/JPY

We have been tracking the GBP/JPY pair since last week. If you missed on the analysis, you could check here

Price was rejected yesterday at resistance level (139.607). This could be a sign that the bears are getting ready for another move, which may take price to the next possible support level (135.918)

 

Wishing you all a pip-full day ahead.

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