TGIF Traders,
Let’s hit the charts before we start our weekend
1. GBP/USD
GBP/USD is currently resting on support level 1.31950.
A breakout could give the sellers a go-ahead to further drag price down to support level 1.31085, and a reversal could encourage the bulls to retest resistance level 1.33105
Personally, I am bearish on this pair, and in my opinion, if I were to take this trade, I would be looking out for a breakout before trading it.
2. AUD/JPY
The AUD/JPY is still having an overall bearish outlook, and in my opinion, we may most likely see price hit the 75.002 support level before the close of business tomorrow.
However, before this can be achieved, we first have to wait for price to break through the consolidation band.
What say you?
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