Hello Traders,
Let’s hit the charts…
1. EUR/JPY
On the 4-hour time frame price is testing support level 123.198.
A breakout may most likely encourage sellers to take price to the next possible support level (122.113).
We may have to wait for the daily candlestick to close before deciding on what to do.
2. NZD/JPY
NZD/JPY is retesting support level 69.928
The close of the daily candlestick will reveal a lot about this pair.
If a breakout is confirmed, we could see price hit support level 68.441 before the close of the market on Friday.
However, if the current support level stands its ground, price could bounce back to resistance level 71.300
What say you?
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