Weekly Market Analysis: EUR/JPY, NZD/JPY & CAD/JPY

Hello traders,

let’s see what the new week has for us:

1. EUR/JPY

On the daily time frame of the EUR/JPY we can see that the key resistance zone was partially broken last week

If we do get a good a decent buy opportunity as the week progresses, then we could see a 170 pips move to NPRL

2. NZD/JPY

A breakout and retest can be spotted on NZD/JPY daily time frame

The last time this key resistance zone was broken, was November 2014

This week we could be seeing a 150 pips move to the next possible resistance level (93.603) 

3. CAD/JPY

Last week we saw CAD/JPY break a key resistance zone which was last broken 2007.

This week I will be waiting for price to return to the key support zone, and look out for a buy opportunity before engaging.

What say you?

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