Hello Traders, what’s going on market after US closing? 😉
USD/JPY
Usually at the end of week there isn’t anything interesting on daily charts BUT you should really see USD/JPY right now. We have almost bookish example of pinbar, right above key support zone. Pair is still in corrective move, but it shouldn’t take a long time USD/JPY to reach last high level.
GBP/JPY
Situation here is much more complicated than on USD/JPY. Pair is trying to stay above support zone, and it probably going to make it. There is a fight between supply and demand for as long lower shadow as possible, so the best choice atthe moment is to wait until Monday. Next week should bring the answer.