Tricky Friday presents us with GBP/JPY & EUR/JPY

Hello traders,

let’s hit the charts:

 

1. GBP/JPY

GBP/JPY was heavily bearish today. Buyers are currently chilling at the key support zone.

If the daily candlestick breaks the key support zone, then price may hit the next possible support level (162.811), if not then price may revisit previous resistance zone marked grey

 

 

2. EUR/JPY 

The EUR/JPY and GBP/JPY has almost the same setup.

If the the key support zone is broken on the daily time frame, then support level 141.088 will most likely be price next support level.

If not, then we should be looking for a bullish confirmation before joining the buyers to revisit the previous resistance zone marked green

 

What say you?

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