Hello traders,
this week has been a turbulent one in the market. Lets see what Friday has for us in the charts:
1. USD/JPY
Price has broken support level 115.039.
What we are currently seeing is a retracement which may extend to resistance level 115.312 before continuing its bearish move to the next possible support level (114.209)
2. EUR/CHF
EUR/CHF has returned to a previous support zone
A breakout below the support zone will encourage more sellers to push price down to the next possible support level (1.03746), and a bounce above the support zone means buyers possibly taking over the market and driving price to the previous resistance level.
What say you.
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