Welcome to the month of December traders,
Let’s hit the charts and look at a few pairs we should be trading this week
1. GBP/CHF
On the GBP/CHF, a significant trendline that has served as a descending support line got broken after the close of the 7 pm candlestick.
What we may likely see is a pull-back, before the bears continue their journey to the next possible support level (1.19545)
2. CAD/JPY
After price broke the key support zone on the CAD/JPY, price is revisiting the now resistance zone for the second time.
The current resistance zone is not encouraging the bulls to take charge, and judging from the lower highs and lower lows formed, there is a likelihood that price will revisit support level 88.028
What say you?
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