Hello Traders, what’s going on market after US closing?

GBP/JPY

We can easily spot price reaction on key resistance level marked green. If the candle stays in its pinbar shape, we will have a dilemma to play against current trend. But looking closer to it, we can say that it’s pretty weird one. Gains are not very dynamic, interspersed by price plummets. From Price Action view it wouldn’t be wrong to go short from here.

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CAD/CHF

Similar situation as on GBP/JPY. Pair reacted when price had breached key resistance level around last high. There’s possibility to see a pinbar today, so playing short from here is reasonable decision.