USD/JPY ranges from important resistance at 109.00/10 to first support at 108.30/20.
EUR/JPY we wrote: holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal initially targeting 130.30/35.
We bottomed exactly at 129.45/55 and have reached 130.28.
CAD/JPY shorts at 8615/25 unfortunately stopped above 8665.
TODAY’S ANALYSIS
USD/JPY scalpers can buy a break above 108.80 to target important longer term resistance at 109.00/10. Try shorts with stops above 109.35.
First support at 108.30/20. (We bottomed exactly here this week) Further losses meet strong support at 107.65/55.
EUR/JPY holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal initially targeting 130.30/35. If we continue higher today look for 130.55/60.
Buy 129.55/45 with stops below 129.30.
CAD/JPY holding above 8615/25 is a buy signal as we target 8685/95. A break above 8705 targets 8740/50.
First support at 8640/30. Longs need stops below 8615.
TRENDS
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
JPY Chart