Good day traders,
hope you had a great day in the market today,?
Well, lets see what the market has for us on Wednesday.
1. USD/JPY
Price has finally hit resistance level (111.616).
Looking at the daily chart, after USD broke out from a descending channel on the 23rd of August, it spent the last two weeks forming another descending channel.
A breakout may take price to hit 112.154, on the other hand, a reversal would see price re-visit 110.693.
2. GBP/USD
Remember this trick-star?, well he was on our weekend analysis right here
After closing with a pin-bar on Friday, it suggested a bearish move, until price moved the opposite direction on Monday and broke the resistance level that has held price since the beginning of May 2018.
If the daily candlestick closes with a tie between the bulls and the bears, we may most likely watch out for the bulls to take over tomorrow upon confirmation.
Wishing you guys a pip-full day ahead
