USD/JPY key support at 109.20/10 this week. Longs need stops below 109.00.
EUR/JPY beats 6 year trend line resistance at 133.05/25 for a buy signal initially targeting 134.00/10 (hit and we topped exactly here) and then 134.35/45.
CAD/JPY outlook positive as we beat 9070 and hold above here.
Today’s Analysis
USD/JPY tests minor resistance at 109.70/80 but above here can target 110.10/20. On a break above 110.30 look for 110.80/90.
Key support now at 109.20/10 this week. Longs need stops below 109.00.
EUR/JPY outlook positive but the pair is holding the next target of 134.00/10. We topped exactly here last week and are seeing a small consolidation but definitely no sell signal. Next target is 134.35/45 then 134.85/95.
Minor support at 132.60/55. Bulls need the pair to hold above strong support at 133.10/00 this week. A break below 132.90 is a sell signal.
CAD/JPY ends the consolidation phase with a break above 9073 to continue the bull trend targeting 9120/30 and 9140/45.
First support at 9070/60 of course. The last line of defence for bulls is at 9030/20. Longs need stops below 9000. A break lower to is a sell signal.
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