Hello traders,
let’s hit the charts:
1. CAD/JPY
CAD/JPY is pips away from hitting support level 87.092.
Do we think the bears will continue to dominate the market and break 87.092, or do you see a reversal lurking around support level 87.092?
All we need to do is wait for confirmation. Price next support or resistance level will most likely be 87.092 or 88.032
2. NZD/JPY
NZD/JPY has been forming lower highs and lower lows since last week.
The close of the 6 pm daily candlestick may reveal price direction for Tuesday. If we do see a bearish breakout, hunting for sell opportunities on Tuesday will be of high importance, and our target level will most likely be support level 75.457
If the present support zone encourages the bulls, then we may see price re-visit 76.446
What say you?
For those who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
