Weekly Market Analysis: USD/JPY & CAD/JPY

Hey traders,

I am finding it difficult finding quality setups this Sunday. I have consulted the oracle, I have taken over 5 cups of coffee, all to no avail.

The only two setups that may be worth trading are:

1. USD/JPY

Price is ranging on the USD/JPY.

Last week Friday we saw a sharp reversal after price hit NPSZ. This week all we should be watching out for is how price reacts to the key resistance zone.

A breakout above the key resistance zone, and we may see over 150 pips to the next resistance zone, but a reversal confirmation and price may revisit NPSZ

2. CAD/JPY

The CAD/JPY and USD/JPY have similar setups

A breakout or reversal is something to watch out for

What say you?

NOTE:

• FIDELCREST: https://fidelcrest.com/#CRAFTER
• THE FUNDED TRADER: https://dashboard.thefundedtraderprogram.com/purchasechallenge-n/?sl=3322 (use the coupon code: THE0CRAFTER)
• MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
• BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter