Happy new year traders,
I hope we had an awesome holiday… While we are still nursing the hangover of the break, let’s see what the market has for us this week.
1. USD/JPY
Head and shoulders or triple bottom, whichever pattern you call it, you are correct.
I will be interested in the bearish breakout of price this week. If that happens, then we may see price hit 126.745
2. GBP/AUD
The key support zone is something to watch this week
The lower highs and lower lows formed shows a high degree of the bears breaking the key support zone this week. If that happens, then price will most likely hit the next possible support level (1.74750)
What say you?
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