Hello traders,
Let’s hit them charts:
1. USD/JPY
Last week we saw a reversal after price hit 151.163.
Currently price is resting on a key support zone and the 200 ma. I expect a bounce at this level, and even if we don’t see price revisit the previous high, we could see price hit the golden zone before the sellers continue their bearish campaign
2. GBP/JPY
GBP/JPY has the same outlook as USD/JPY, so I will be expecting a minor reversal when the market comes alive, but we would need the close of the daily candlestick to understand the long term direction of GBP/JPY
So those who are planning to buy, don’t get too comfortable holding your buy’s
What say you?
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