TGIF Traders,
Let’s see what Friday has for us:
1. USD/JPY
USD/JPY has been strongly bullish since the beginning of the week
Price is currently at a key resistance zone, and also close to the 200 ma. This is a classical double top formation, which could play out through the Asian session and well into the London session.
1st support level may most likely get hit before the 2.30 pm where we have series of red folder news events
2. GBP/JPY
Another strongly bullish pair is currently at a key resistance zone, and also kissing the 200 ma.
A textbook triple-top formation can be seen on the GBP/JPY. I will wait for the close of the 7pm candlestick, to authenticate my bearish bias before going in for the kill
What say you?
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