Happy new month traders,
Let’s hit the charts:
1. GBP/JPY
I spot a breakout on the GBP/JPY, do you?
Well, that may be too early to ascertain until the close of the daily candlestick. If we do get a breakout, we may see the bulls reaching for resistance level 163.794.
2. EUR/JPY
Remember the EUR/JPY was analyzed on Sunday and it played out as planned. Presently we can see price facing another resistance zone.
It’s fair to say that at this point, all we should watching out for is a breakout or reversal, but I see the bulls a lot stronger than the bears. We may see a slight consolidation before a bullish breakout.
There is a huge probability that price next bus stop is most likely to be 139.651
3. AUD/JPY
I spot a breakout on the AUD/JPY.
If the daily candlestick closes and favors our bias, then we will be looking at price hitting the next possible resistance level (93.495)
What say you?
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