Hello traders,
let’s hit them charts:
1. EUR/NZD
On the daily time frame of the EUR/NZD, the key support zone has held for almost two days now.
If today’s candlestick closes bullish, we could ride with the bulls for the rest of the week to the next possible resistance level (1.67932)
2. GBP/JPY
After spending the entire Tuesday consolidating around the 161.782 resistance level, price started a downward move on the GBP/JPY today.
A key support zone was broken today and we may see it continue for the better part of the Asian session and Tuesday. Our next support level will most likely be 156.496
3. NZD/JPY
Note that GBP/JPY, AUD/JPY and NZD/JPY have the same setup.
For NZD/JPY, there are two key support levels to watch out for: 80.189 and 79.619.
That said, if you are planning to take the trade now, be wary of the 2:30 am unemployment rate news. Price could go either way, so my advice would be that if you are in profits before news release, take some profits.
What say you?
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