Pound Dollar – GBP/USD breakout above its 1.3260 resistance level yesterday. Given that the trend is bullish at the moment, traders may consider buying into this market to jump on the bullish trend. Traders may also wait for price to pullback into its 1.3260 support level (Previous resistance level) before buying into this market for a greater risk:reward trade.
Loonie Yen – CAD/JPY breakout above its 89.33 resistance level yesterday. The long term trend is still bullish at the moment therefore traders may consider buying into this market to jump on the bullish trend. There is no immediate resistance level above which offer traders huge profit margin to long this market.
Norwegian Krone – USD/NOK rejected its 7.8800 resistance level yesterday which could potentially lead price lower in the coming days. The long term trend is still very bearish therefore traders may consider shorting this market and have the first target set near previous swing low at around 7.7000 price level.