AUDNZD has dropped +80 pips since the last commentary. Traders are looking to manage their short positions as the market is reacting from a supply zone. Currently there are signs of a rejection however no confirmation has formed as yet. Traders are looking for an aggressive wave to the upside to confirm rejection.
CHFJPY is back at the top of the structure. Traders expect the current bullish leg to complete and price to drop from these levels. An aggressive rejection will confirm a shift in momentum.
USDJPY is also at the top of the structure and traders are looking to close their long positions. Just like CHFJPY, traders expect a reaction from these levels as the outlook is bearish. An aggressive rejection will confirm a drop.