Opportunistic Wednesday presents us with GBP/JPY & USD/CHF

Hello Traders,

It’s mid-week already, let’s see what our charts have for us…

 

 

1. GBP/JPY

GBP/JPY has spent almost an entire two weeks trying to break resistance level 135.740.

The consolidation band was broken with the close of yesterday’s daily candlestick. Presently we are seeing a bearish doji on the daily chart.

We may have to wait in order to see how today’s daily candlestick closes before we go bearish.

If a bearish move is confirmed by our system, price next possible support level would be 126.598.

 

 

2. USD/CHF

On the daily chart, price on the USD/CHF has broken the support level (0.99004) of the ascending trendline.

This could further encourage the bears to pull price down to our next possible support level 0.96886.

 

I wish you a pip-full day ahead.

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