Hello Traders,
It’s almost mid-week, let’s see what’s cooking in the market…
1. GBP/JPY
On the daily time frame of the GBP/JPY, price has broken resistance level 135.217.
This could mark the end of the head and shoulder pattern if the bullish breakout is confirmed after the close of today’s candlestick, hence making region 139.912 to 140.993 our next possible resistance level.
2. USD/CHF
USD/CHF has been struggling to get off the ground, probably the gravitational pull is way more than the pair bargained for.
A breakout of support level 0.95942 on the daily chart may further encourage the sellers to pull price to support level 0.95030, and a reversal will most likely fuel price to head to the next possible resistance level (0.96955).
What do you think?
