Hello everyone.
The last trading day of the week, brings some beautiful setups, however I would suggest we trade with caution.
So, let’s get started.
1.EUR/JPY
EUR/JPY just broke a key support level at 128.492, mind you, this support level is within a descending channel. zooming back, you will find out that the next support level is 127.771.
2. AUD/JPY
Head and shoulder formation on the 4 hours chart of AUD/JPY. the base of this setup rests on a key support level 81.971. A breakout of this level should see this pair hit it’s next support at level 81.240.
3. NZD/JPY
Our last setup for the day is NZD/JPY. The pair is currently touch the base of a descending channel. The bearish trend is quite strong, and a breakout of the support, may see the bears hitting or surpassing level 72.342.
If you have got questions, contrary views or contributions, please drop them.
