Hello traders,
let’s hit them charts:
1. EUR/USD
Last week, price on the EUR/USD finally broke the 8 months old resistance level and also gave us a beautiful pullback before the close of market.
This week are most likely going to see price continue its bullish move to the NPRZ
2. USD/JPY
After a strong bearish move last week, we can see USD/JPY approaching a checkpoint. Though USD/JPY is still heavily bearish, but its important we wait to see the outcome of price at support level 126.745.
If we do get a breakout on the daily time frame, we could join the sellers to the NPSL (121.291), and if not, counter trend traders could buy and use NPRL as their target profit
3. GBP/JPY
GBP/JPY is resting on a key support level (155.484), This week may see a pullback which could revisit the NPRZ, however if price breaks the current support level, then we could join the bears to the NPSZ
4. NZD/JPY
NZD/JPY has a similar structure with GBP/JPY, there is a huge possibility that a pullback to the NPRZ could happen as market resumes this week
5. CHF/JPY
The weekly time frame of the CHF/JPY clearly shows that price has reach a zone of indecision.
If the week closes with a breakout of the present support zone, then next week could be a good time to join the sellers to the NPSL. However if the week closes with a doji or a bullish candlestick, we could join buyers to the NPRL
What say you?
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