NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
GBP/CHF offers a trade opportunity
Trade idea
SELL at 1.2750; TP1 1.2700; TP3 1.2660; SL 1.2775.
These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns. If you don’t feel comfortable trading the wild GBP/USD, there may be an interesting chance to get some profit from GBP/CHF.
On D1, we see a shooting star candlestick ahead of the 100-day MA.
On H4, GBP/CHF met the resistance of the 50-period MA. A decline below 1.2760 opens the way down confirming a “Double top” pattern. November lows around 1.27 will be the first target.
Elizabeth Belugina
Similar
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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