Hello traders,
let’s hit them charts:
1. GBP/JPY
Last week, in the last few hours before the market closed, buyers dominated GBP/JPY.
The buyers ended up freezing at the key resistance zone, and a bearish pinbar was formed, giving us an idea that we may see a reversal this week upon further confirmations.
If we do get more bearish confirmations at the open of the market, then NPSZ will be our profit target
2. GBP/CAD
I could not help but add GBP/CAD from last week, to our today’s analysis.
Price is still very much within a key resistance zone, and if we get a reversal confirmation, price’s next bus stop will most likely be the first pale green zone
3. CAD/JPY
CAD/JPY last week closed with a strong bullish engulfing candlestick at a key support zone.
Also, Friday daily candlestick partially broke the key resistance zone. An additional bullish confirmation is what I will be watching out for before joining the buyers to NPRZ
What say you?
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