T.G.I.F Traders,
Let’s see what the market has for us before we retire for the weekend.
1. AUD/JPY
Finally, the much-anticipated breakout on the AUD/JPY happened today, but it was shortlived.
Support level 75.688 was too strong for price to break through, so we are currently seeing a pull-back.
Let’s see how price will react to resistance level 76.243.
If price breaks resistance level 76.243, price may hit the next resistance level (76.675).
A reversal at 76.243 may most likely put the Bears back into the picture, further re-sending price to support level 75.688
2. EUR/JPY
EUR/JPY is currently respecting an ascending trendline serving as a support level.
A breakout of price from either the key resistance level or key support level will most likely send price to either 126.695 or 124.264.
We have to exercise patience here for either of the breakouts to occur before we swing into action.
Do have a beautiful weekend, and thank you for taking out time to read our analysis this week
Cheers!!!
ATTENTION: For those who are interested in joining our FREE trading group on Telegram, where trade ideas are discussed, which may assist your trading career while being infected by positive vibes
Smash the link: https://t.me/joinchat/FN30PxlwXbk2BcuTDdH5yg
