Tuesday market analysis: GBP/USD, USD/JPY, GBP/CHF & EUR/CHF

Hello traders,

Some interesting setups are lined up for Tuesday.

 

1. GBP/USD

Chart showing the Great British pounds against the US dollar

GBP/USD has finally showed its hand.

Since the beginning of February 2023 the key resistance zone did a good job by holding the buyers. By the close of the daily candlestick (10 pm), if we still have a strong bullish candlestick, then we should join buyers to the NPRL

 

 

2. USD/JPY

Chart showing the US dollar against the Japanese Yen

 

USD/JPY bears is highly likely to encounter some resistance at the key support zone.

If the support zone holds, then we may see NPRZ revisited again.

 

 

3. GBP/CHF

Chart showing the Great British pounds against the Swiss Francs

I shared GBP/CHF setup on our weekly analysis

Today we can see that the buyers have broken the resistance zone and 200 ma. However, we still need to wait for the close of the daily time frame just to authenticate our bias.

If the bulls are authenticated, then price next bus stop will most likely be 1.14228

 

 

4. EUR/CHF

Chart showing the Euro against the Swiss Francs

EUR/CHF has the same outlook as GBP/CHF.

All we need is to get a confirmation for our bullish bias, and that will be the close of the daily candlestick, before we join the buyers to NPRZ

 

What say you?

 

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