Weekly Market Analysis: USD/JPY, USD/CAD, EUR/JPY & GBP/NZD

Hello traders,

let’s hit them charts:

1. USD/JPY

Last week, the USD/JPY gave us a beautiful bounce on a key support zone

USD/JPY will be a good setup to trade on the lower timeframe. TP will be NPRL

2. USD/CAD

The USDCAD broke a key resistance zone last week

So we have another 50 pips move to tap from before price hits NPRL. Mind you, we may see price retrace before buyers continue their move, so stay sharp

3. EUR/JPY

Higher highs can be seen formed on the EUR/JPY

This week I will expecting a break above the key resistance zone. Once that happens, I will be joining the buyers to NPRZ

4. GBP/NZD

All I will be looking for on the GBP/NZD is a pullback before buying and targeting NPRL as price next bus stop

What say you?

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