MARKET COMMENTARY FOR 24TH-AUG 2021.

Adewale's views on market are strictly educational.

1- USD/JPY formed a false break (Fakey) on inside bar previously formed on Friday. The pair has been ranging between obvious boundaries around 110.62-109.00.

Price Action- Fakey

Support- 109.00

Resistance-110.622

Market Bias- We are considering trading the price action formed.

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2- GBP/CHF has been in a ranging market conditions for some months now, the pair was oscillating between Resistance zones around 1.28186 and Support zones around 1.25374.

Price Action- Tailed bar

Resitance Zones- 1.25374

Support Zones-1.22856

Market Bias- We are considering trading the price Action formed.

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