Wednesday Market Analysis: AUD/USD & GBP/JPY

Hello traders,

let’s hit them charts:

1. AUD/USD

On the AUD/USD we can see that AUD/USD bounced off NPSZ, and while my long term bias is price breaking through the 200 ma and key resistance zone. 

My short term bias is price consolidating between the green and red zone. So I will be looking for a sell opportunity within the Asian session

2. GBP/JPY

GBP/JPY is one setup I am honestly cleaning my riffle for 

The last time price crossed the current resistance zone was May 2015. There is CPI news on the GBP by 8am on Wednesday. I am hoping price drops and retests the once key resistance zone which will serve as a support zone

Then probably continue it’s bullish momentum. If that happens, then I will joining the buyers back to the previous high

What say you?

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