Tuesday Market Analysis: USD/JPY, EUR/JPY, AUD/JPY

Hello traders,

let’s hit them charts:

 

1. USD/JPY

Two weeks plus of price struggling to break through the consolidation zone

If the daily candlestick closes above the consolidation zone, then I will be hunting for buy opportunities 

 

2. EUR/JPY

The consolidation zone on the EUR/JPY has become a support zone

If the daily candlestick closes this way, then it wont be a bad idea hunting for buy opportunities, using NPRL as our target profit

 

3. AUD/JPY

Finally a breakout on the AUD/JPY

If we do get the daily candlestick closing this way…

We could be seeing another 100-200 pips before price hits the the next resistance level (102.463)

 

What say you?

NOTE:

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