The EURJPY has been moving down steadily on the daily and a key support level has recently broken through. This daily support level now acts as the new resistance level. This is a clear level to look to trade from. I have my eyes watching on the intraday and see if the price can pullback. An obvious bearish price action would be a good signal to go short.
EUR/JPY daily chart
EUR/JPY 4-hour chart
Another example about a clear break through the key level. The GBCHF has been moving up steadily on the daily and a key resistance level has recently broken through. Price starts to pullback to this new daily support level. I have my eyes watching on the intraday, where we can see pullback occur and a clear level to look to trade from. An obvious bullish price action would be a good signal to go long.
GBP/CHF daily chart
GBP/CHF 4-hour chart
Looks like the price on AUDCHF already broke the daily resistance level. The recent trend on this pair still shows upward momentum and broke an important level. This level held as a strong resistance level in the past and for now I marked this level as the new support level. What I will do for now is waiting for the price to retest the old resistance/new support level and start hunting for a bullish signal.
AUD/CHF daily chart