Hello traders,
let’s hit the chart:
1. GBP/JPY
Resistance level 161.325 has held for almost two weeks, only to get broken by today’s 2 pm candlestick on the 4-hour timeframe.
If we still get a bullish confirmation after the 6 pm candlestick closes, then we may see price revisit the 164.602 resistance level.
2. EUR/CHF
I have been anticipating the bears dominating the EUR/CHF since on Sunday when I dropped my last analysis.
The support zone was clearly broken by the 10 am candlestick on the 4-hour time frame, and if we get a bearish confirmation by the close of the daily candlestick, then our next possible support level would be 0.99830
3. AUD/JPY
Double top formation can be seen on the AUD/JPY.
If the buyers are able to break resistance level 94.155, then we may see another 200 pips move to the next possible resistance level (96.435)
On the other hand, if price is rejected by the current resistance level and the ascending trendline serving as a support level gets broken, then we may see price return to support level 90.912
What say you?
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