T.G.I.F Traders,
Let’s hit the charts and see if the gods of pips will smile upon us this last day of the month of July.
1. NZD/USD
Today on the NZD/USD, we saw how potent support level 0.66235.
Presently we have a triple top almost loading.
Are we going to see a reversal of price back to support level 0.66235 or will resistance level 0.66884 get broken, which may most likely force price to hit the next possible resistance level (0.67570)?
2. GBP/JPY
On the 4 hour time frame of the GBP/JPY, will resistance level 137.384 hold or will price bounce back to support level 136.541?
If price breaks the current resistance level, there is every likelihood that we may see price hit a new resistance level (138.765) before the close of the market for the weekend.
3. USD/JPY
On the USD/JPY, support level 104.789 is what’s holding price from falling below 104.061.
Are we going to see the present support level crumble under pressure, or is price going to stall and possibly reverse at this current level?
What are your thoughts?
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