Like what I said in my previous blog about the NZDUSD pair last June 17, the could be a short term buy on it. At that time, the pair had already broken out from a double bottom pattern. It then continued to consolidate within a symmetrical triangle before breaking out again. Furthermore, it also gapped up to begin this week’s trading. Presently, the pair is trading around 0.7100.

Welcome to another week of forex trading my friends! Today, I present to you an updated daily chart of the USDCHF pair. From my post about it exactly a month ago back in May 21, I mentioned that the USD is bound to give up some of its gains back to the Swiss franc after the pair had reached a high of 1.1731 in June 1.

The cable or the GBPUSD pair has been staging a nice rebound for the past couple of weeks after it touched a low of 1.4227 last May 20. From my previous post about the cable last May 28, I mentioned that if and when it moves past 1.4600, it could reach 1.4800. At present, the pair is already trading around that area. And as I’ve said, it could experience some selling pressure at this level.

The GBPJPY (Geppy) could be on its way from breaking out from the symmetrical triangle in the 3-hour chart (indicated by the red circle). Once the price breaks above the resistance at 136.00, the currency pair could head all the way up to the 138.00 territory which could be the next resistance (green line).