The USDJPY has been winding up for the last few days. When we see price consolidate and wind up with consecutive inside bars the chance for a hard and fast breakout becomes high.
Price has been moving lower over the last few weeks and traders looking to trade the USDJPY should be looking to trade with this momentum in their favour.
USDJPY DAILY CHART
The EURNZD that was covered yesterday in charts in focus has now fallen lower into a support zone as was expected. Large bullish Price Action at this level on the daily trade would give a possible indication of a new move higher.
EURNZD DAILY CHART