Thursday Market Analysis: AUD/JPY & NZD/JPY

Hello Traders,

let’s hit them charts:

1. AUD/JPY

The resistance zone that has held price since November last year is finally breached.

This breakout may spew over 50 pips between Wednesday’s NY session and the close of NY session on Thursday

2. NZD/JPY

NZD/JPY has another beautiful breakout.

Since December last year, price has been rejected by a key resistance zone. The fifth attempt at breaking this key zone by the buyers finally paid off today.

We may see another 30 to 60 pips move by the buyers before the close of Thursday’s daily candlestick

What say you?

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