Hello Traders,
Let’s hit the charts…
1. GBP/JPY
GBP/JPY today, broke out of a key support level (140.086), but we can see a possible pullback.
We may have to wait for the daily candlestick close before we make any decision.
If the breakout is confirmed, our next possible support level would be 138.256, and if price should resume a bullish move, then we may be looking at 141.404 as a possible resistance level.
2. GBP/AUD
For the 6th time, price on the GBP/AUD is testing support level 1.80560.
If the breakout is successful, we have to wait for a confirmation before going bearish and picking 1.79338 as our next possible support level.
If price manages to bounce off the current support level, there is a huge possibility that price may hit resistance level 1.81879.
3. GBP/CAD
On the GBP/CAD we can see an almost 3 months old ascending trendline which served as a support level broken.
Price initially broke support level 1.73507, and today price is testing another key support level (1.72110)
If a bearish breakout is confirmed, our next possible support level would be 1.69958, and if we do get a reversal on the current level, price may most likely visit resistance level 1.73507
What say you?
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