Hello traders,
let’s see what the market has for us before we hit the weekend
1. AUD/JPY
On the AUD/JPY, we can see the bulls having a field day.
If the daily candlestick closes bullish, conservative traders may wait for a retracement, just to improve their risk reward ratio before joining the buyers to the next possible resistance level (95.570)
2. NZD/JPY
The AUD/JPY and NZD/JPY have a similar structure. The only difference is that on the NZD/JPY, the bulls still have some work to do on the key resistance zone
If we do get a breakout during the Asian session, then its most likely we see the bulls drive price to the next possible resistance level (86.209)
What say you?
Traders who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters