Hello traders,
let’s hit the charts:
1. AUD/JPY
On the higher time frame, we have a strong bearish momentum on the AUD/JPY.
Moreover, the ascending trendline got broken after price tested it the sixth time. What we may see is a slight pull-back before price goes further down to 80.038, which will act as the next possible support level
2. NZD/JPY
We can see another breakout of price on the NZD/JPY.
The only difference between the NZD/JPY and AUD/JPY is that the NZD/JPY has already given us a slight previous pullback, which is a clue of where our stop loss can be placed if we are to take this trade, having in mind that 76.728 is our next possible support level
What say you?
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