Hello Traders,
Let’s hit the charts one last time before we retire for the weekend.
1. NZD/JPY
NZD/JPY is on a bullish rampage and has broken a key resistance level (70.606).
If you are a conservative trader, you may want to wait for the close of the daily candlestick before joining the Bulls to the next possible resistance level (71.254)
If the Bulls come out aggressive tomorrow, resistance level 71.254 may also be broken and price may continue to the next resistance level (71.633)
2. CAD/JPY
On the CAD/JPY, we can see a clean break of resistance level 80.938.
Let’s see how the daily candlestick gets to close by 10 pm. If it’s bullish, we may be looking for buy signals for the rest of tomorrow before the market closes, having in mind that resistance level 81.873 would be our next resistance level.
What are your thoughts?
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Thanks for your time and do have a great weekend ladies and gentlemen.
