Weekly Market Analysis: EUR/JPY & AUD/JPY

Hello Traders,

Let’s hit them charts:

 

1. EUR/JPY

Last week we saw the bears take charge on the EUR/JPY, but it was short lived as price hit a key support zone,

The stochastic also crossing each other at the over-sold zone shows us that buyers may be getting ready to dominate the market this week.

I will be looking for bullish opportunities this week that could take price back to the first possible bus stop (172.751)

 

2. AUD/JPY

AUD/JPY has the same outlook as EUR/JPY

I will be hunting for buy opportunities once the market opens

 

What say you?

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