Weekly Chart Analysis by Adewale Adeleke – June 24th to 28th, 2019.

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Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

GBP/USD

TREND: Bearish

Relevant Key Levels: Resistance :1.27660 and Support: 1.25050

Price Action: A small Pinbar started the rally few days ago.

Potential Trade Idea: We anticipate potential bearish setup at the resistance region at 1.27660. Our bias remained bearish as long as price closes below this region.




EUR/USD



This pair blast through the near term resistance zone at 1.12606 and 1.3229 respectively.
We anticipate a retest of above mentioned resistance zone.The price action at this region we give us a clue of market directional bias

GBP/CHF

The bearish bias of this pair is obvious.
We are at alert for Bullish trap at 1.23043

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