Hello legendary traders,
Some crazy moves were recorded today on the GBP/JPY pair, if you missed it, probably you not on our premium signal group. We were able to capture a little over +80 pips move today.
Thumbs up to those who harnessed the move through our yesterday’s daily analysis on this blog.
That said, we are already hitting mid-week so soon, men July is just breezing past us. Anyways, before we lament any further, let’s do what?…
HIT THE CHARTS!
1. EUR/AUD
Yes, it’s EUR/AUD again.
If you have been following our analysis for the past two weeks plus, EUR/AUD should no longer be a stranger to you. Presently we are seeing a breakout and a minor pullback with the daily candlestick.
In my opinion, price may consolidate around resistance level 1.60282 before it continues it’s bearish journey to the next possible support level (1.58132).
2. EUR/USD
On the 4 hours chart EUR/USD has been having a problem breaking an ascending support level after price broke out (1.12588) from a major ascending channel.
This ascending support level is so badass that it has been holding price for close to a month now.
In my opinion, I see price getting a minor rejection from the present support level (1.12008) before a bearish breakout.
But hey!!!,
Never ever you conclude just like that in trading. That’s my bias and I won’t trade until I see such a confirmation.
If that happens, we could see price hit support level 1.11232 before the trading week grinds to a halt.
Till then let’s focus on how far the rejection will go before, if at all any bearish breakout happens.
Alright dudes and dudets, we are done for today, kindly comment below and let’s know your bias.
Please also share our content with your pip loving friends and families, it will be much appreciated.
Do have a pip-full day ahead
