Hello traders,
let’s hit the charts:
1. AUD/JPY
On the higher time frame, we have a strong bearish momentum on the AUD/JPY.
Moreover, the ascending trendline got broken after price tested it the sixth time. What we may see is a slight pull-back before price goes further down to 80.038, which will act as the next possible support level
2. NZD/JPY
We can see another breakout of price on the NZD/JPY.
The only difference between the NZD/JPY and AUD/JPY is that the NZD/JPY has already given us a slight previous pullback, which is a clue of where our stop loss can be placed if we are to take this trade, having in mind that 76.728 is our next possible support level
What say you?
For those who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
