Today there are two good opportunities on the close of the daily candle. The GBP/USD and the Usd/Chf both have a candle that indicates we could see a change in directions. Keep your eyes and ears on the NFP (Non Farms Payroll) Tomorrow because that can change everything.
The Gbp/Usd hit strong resistance at the 1.6270 area and has formed a daily shooting candle formation. If the price breaks the 161.30 level to the downside then it could ignite further losses in the pair. This could be a potential short setup with a target of 1.6010. At that level there is some strong support and that would be where I put my first target.
The Usd/Chf bounced off of a daily upward trend line as shown in the chart and has closed with a bullish daily engulfing candle. This could indicate further gains for this pair. There is a strong area of resistance at the 95.00 level and if that area gets broken to the upside there could be a nice move to higher levels in the 96/ 96.50 area.
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