One of the charts I’m looking at for this coming week is that of NZDJPY. Refer to the chart below for the following discussion.
NZDJPY has been in an uptrend for a while now. Currently it’s sitting at an area of support, which if broken, might threaten the continuation of said uptrend. It’s for this reason that I see the support area as important and why I will be looking to go long if I get confirmation in terms of candles.
Seems like GBPUSD wants to go lower for the time being (see last week’s post). I was hoping for one more push up deeper into that level as the first test was a bit marginal in my opinion. We’ll see what happens in the coming days / weeks. By the way, did you find the level I wrote about last week?
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