TGIF Traders,
It’s another Friday knocking on our door, let’s see if we could make it count by either making some pips or just STAYING OFF the market.
1. AUD/USD
On the 4 hours chart, price on AUD/USD is respecting a descending trendline for over 2 weeks.
price is currently testing a key resistance level (0.68970).
A bullish breakout should take price to the next resistance level (0.69337) and a reversal should send price back to support level 0.68652.
2. GBP/JPY
GBP/JPY has just broken support level 139.607
After price spent over a week within a consolidation band, it finally broke the present support level today.
There is a great tendency that the bears will further pull price to the next support level (135.918)
Thanks for making my week colorful, it was a great pleasure sharing our analysis with you guys.
I wish everyone a fantastic weekend and don’t forget that we will be analyzing next week’s trading opportunities on Sunday, under our weekly analysis.
Ciao.
