Hello traders,
it’s been a rugged week so far for me. Let’s see how these setups pan out
1. USD/JPY
Today’s USD news events finally gave us a breakout below the consolidations zone.
If the daily candlestick closes below the consolidation zone, we may see another +180 pips drop
2. EUR/JPY
In the last 4 hours Euro gained strength against most currencies it’s paired with. The effect of the news at 2.45 pm may have occurred hours later (shh… my thoughts ).
That said, the bulls may find it difficult breaking above the key resistance zone. All I will be waiting for is multiple rejections at the current zone, and if that happens, then I will be in support of the sellers, and join them to probably revisit previous low or NPSL
What say you?
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