GBP-JPY
It can be seen that the price has got to the down side of the parallel descending channel (fragmentary purple line), stopped and a green candle opened which signifies reversal pattern if and when a confirming candle stick will be created, it will be given a signal of uptrend. It can be seen that the candle closes above the neck line of the bullish head and shoulders pattern, and this is another signal for the stubbornness of the buyers.
As can be seen by the graph bellow:
Potential Trade
In the break out of the price level of 132.80, you can search for an uptrend price structure in the hourly time frame, and to enter the long position.
As can be seen by the graph bellow:
NZD-USD
The price went down in a reduced channel, while touching three times on each side. Most likely, as for the structure of the channel the price will be corrected between one third to two thirds of the last downtrend in this channel.
As can be seen by the graph bellow:
Potential Trade
In the break out of the level 0.7455, you can switch to the hourly time frame and to search for the uptrend price structure and to enter the long position, target: 0.7547.
As can be seen by the graph bellow:
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