Hello Traders,
Let’s hit the charts:
1. GBP/JPY
GBP/JPY lost buyers during the New York session, and its back to testing support level 138.256.
A breakout through the present support level will most likely encourage more sellers to pull price to the next possible support level (136.846)
Personally my bias is bearish.
2. CAD/JPY
CAD/JPY still respects resistance level 80.492, and may still respect support level 79.915 when price hits that level.
All we need is patience to get either a bullish confirmation that may drive price back to resistance level 80.319 or a bearish breakout through support level 79.915, which may further encourage price to hit a new support level (79.013).
What are your thoughts?
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