USD/JPY outlook positive as long as we hold good support at 111.60/55. We do have minor trend line resistance at 112.25/30 but above here targets 112.35/40 and 112.55/60.
Below 111.50 tests support at 111.25/15.
EUR/JPY topped exactly at key resistance at 130.90/131.00 so this remains the main challenge for bulls today. We bottomed exactly at minor support at 129.90/86 yesterday but best support for today at 129.40/30. Try longs with stops below 129.00 and look for profit taking at 129.90/130.00.
Key resistance at 130.90/131.00. Shorts need stops above 131.40. A break higher sees 131.00/130.90 act as strong support targeting 131.85/95.
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