USD/JPY shorts at 111.20/30 worked perfectly with targets of 110.80/90 and 110.65/60 hit before a low at 110.40. The bounce just topped 3 pips from 110.80/90. Our buying opportunity at 110.00/109.90 today with stops below 109.70. A break lower is a medium term sell signal.
Strong resistance at 111.25/35. Stop above 111.60. A break higher is a medium term buy signal.
EUR/JPY lower as predicted to retest 125.10/00. Further losses test the May low at 124.70/60. On further losses look for 124.10/00.
Be aware the pair are severely oversold so a bounce is certainly possible but longs are very risky without a buy signal. First resistance at 126.15 then strong resistance at 126.70/80 again. Try shorts with stops above 127.10. A break higher targets a selling opportunity at 127.70/80.