Hello Traders,
Let’s hit the charts…
1. NZD/JPY
Monday, Tuesday, and Wednesday have been explosive for all the JPY pairs.
The NZD/JPY pair above is no different. If the Bulls continue to rage on tomorrow, we may most likely see the breakout of resistance level 69.766 yield dividends as price may most likely hit the next possible resistance level (71.248)
2. CHF/JPY
CHF/JPY is on a bullish run for the 4th week, price is also correcting itself when you look at the weekly chart.
A breakout of resistance level 113.575 will most likely push price to resistance level 115.160.
This may be too early to say now, however, we can follow closely and take our position when all the lights are green.
Remember, let’s also be cautious, because the setup is not above reversals.
What are your thoughts?
