Opportunistic Wednesday presents us with AUD/JPY & NZD/JPY

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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