Continue or Reverse?

Check out this falling wedge on GBPJPY H1 chart. Wait for a breakout to confirm the completion of the pattern. Break on the upside or above 136.53 should trigger buyers and the pair may test the resistance around 137.30 area. Break on the other side or below 135.86 should indicate further correction to this uptrend.

Try Long USD/CHF

USD/CHF has fallen for more than 800 pips since the last signal on June 6th. Honestly, I was expecting more swings in this bearish movement. Nevertheless, it has reached the support around 1.0500 and I prefer a long position from here. Target is near the broken support trendline or 1.0895 area. But first USD/CHF must break 1.0750 area. Stop loss area is below the previous low around 1.0477/90.