Hello Traders,
Let’s see what the market has for us this Friday
1. GBP/JPY
GBP/JPY has been building up momentum throughout today
The only barrier standing in front of the pair is resistance level 154.293. If we do get price confirming the bullish breakout, then our next stop will most likely be resistance level 154.722
2. EUR/JPY
EUR/JPY may also be warming up for the bulls to come through.
There seem to be a consolidation around the 132.695 support level. If we do get a bullish confirmation, then price next bus stop may be 133.384
Let’s not also be in a rush to buy, because EUR/JPY is currently around a strong resistance zone on the larger time frame, so if you are trading this pair, do so with caution.
What say you?
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