Hello Traders,
Let’s hit the charts…
1. NZD/JPY
NZD/JPY on the daily chart is resting on a key support level (69.972)
A bearish breakout will definitely encourage sellers to pull price to the next possible support level (67.861)
A reversal may also encourage buyers to take price back to resistance level 71.292.
Personally I am bearishly biased regarding this pair. For now, I will fold my hands and stare at this prey, if I get a bearish breakout confirmation before the week runs out, then I may most likely engage.
That’s all for today folks, thanks for hanging around.
