Hello traders,
let’s see what the market has for us before we hit the weekend
1. AUD/JPY
On the AUD/JPY, we can see the bulls having a field day.
If the daily candlestick closes bullish, conservative traders may wait for a retracement, just to improve their risk reward ratio before joining the buyers to the next possible resistance level (95.570)
2. NZD/JPY
The AUD/JPY and NZD/JPY have a similar structure. The only difference is that on the NZD/JPY, the bulls still have some work to do on the key resistance zone
If we do get a breakout during the Asian session, then its most likely we see the bulls drive price to the next possible resistance level (86.209)
What say you?
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