Let's go Tuesday presents us with GBP/CHF, EUR/JPY & NZD/USD • Crafting pips

Hey traders,

Let’s hit the charts:

1. GBP/CHF

GBP/CHF has finally broken the jinx

For close to 3 months price was locked within a channel. If the daily candlestick closes below support level 1.25982, we should be looking for a selling opportunity and our next possible target will most likely be 1.23573

2. EUR/JPY

EUR/JPY has finally broken the triangle. In my opinion, it may be too early to sell now, till we get a decent confirmation of a reversal.

If that happens, the bears may pull price further down to support level 128.266

3. NZD/USD

NZD/USD looks pretty much like EUR/JPY

The only difference is that the bears have not yet broken support level 0.69196. We may still see price bounce within the triangle, but if we do get a bearish breakout during the week, then we should be eyeing 0.67556 as our next possible support level.

We should also watch out for a possible reversal that could take price back to resistance level 0.70091

What say you?

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