Hello Traders,
let’s hit the charts:
1. EUR/JPY
The EUR/JPY is a trade we would need a lil bit of patience for. Don’t forget that the chart above is a daily time frame.
Price is currently touching a key resistance level (132.567). We will need additional confirmation to determine if there would be a reversal or a breakout.
If any of those happen between Thursday or Friday, price will most likely hit 131.004 or 133.714
2. NZD/JPY
NZD/JPY had a strong bullish momentum today, but we can see price stalling around the 78.275 resistance level.
I advise we should not be quick to sell this pair. Waiting for an additional confirmation will be well worth it.
A reversal or bullish breakout will most likely take price to support level 77.513 or 78.668
3. CAD/JPY
CAD/JPY may be getting ready for a minor reversal, and if the move is confirmed, price may hit support level 89.856.
What say you?
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