Weekly market analysis: GBP/USD, EUR/USD, GBP/CHF & CAD/JPY

Hello traders,

let’s hit them charts:

1. GBP/USD

GBP/USD is still bullish, because the ascending trendline, 200 ma and key support zone is yet to be broken.

So watch out for buyers this week. However if we do get a breakout below the key support zone, NPSL will most likely be our next target

2. EUR/USD

The key support zone on EUR/USD is still very valid, and until it gets broken, my bias is still bullish, so price may still hit NPRL this week.

That said, if the key support zone get’s broken this week, NPSL should be our next target

3. GBP/CHF

GBP/CHF is still looking bullish since the key support level is yet to be broken. I am still holding my buy trade

If the key support level gets broken, then NPSL will be our next stop.

4. CAD/JPY

On CAD/JPY, the key resistance zone has held price for almost two months now.

If the key resistance zone get’s broken this week, then we may most likely see price hit NPRZ

What say you?

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