Hello traders,
let’s hit the charts:
1. USD/JPY
Today’s news favored the US dollars, and the buyers who dominated the USD/JPY had a field day.
The million-dollar question now is:
Will the buyer’s motivation be enough to break through the key resistance zone and head for the next possible resistance zone? or
Will the buyers fizzle out at this point, which will make price return to the 1st or 2nd possible support level (109.066 & 108.757)
2. NZD/USD
Triple tops on the NZD/USD, and a bearish engulfing candlestick
This is a partial confirmation of a reversal. If the close of the 6 pm candlestick gives us a clearer picture then we should be selling this pair, and our target will most likely be 0.69880
What say you?
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