Wednesday Market Analysis: GBP/USD & EUR/JPY

Hello Traders,

let’s hit them charts:

 

1. GBP/USD

A strong bullish engulfing candlestick on the daily time frame suggest a strong presence of buyers.

If the daily candlestick closes like this, then I will be hunting for buy opportunities on Wednesday, and price next bus stop will most likely be NPRZ

 

2. EUR/JPY

In one month, we had two failed attempts for buyers to break the key resistance zone, until today

If the daily candlestick closes this way, then I will be looking for buy opportunities on the EUR/JPY

 

What say you?

NOTE:

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