USD/JPY longs at first support at 113.90/70 worked (although we saw a low for the day at 113.89).
EUR/JPY longs are doing very well in the strong bull trend after we beat minor resistance at 132.65/75 targeting 133.10/15 and 133.50/70…we are expected the hit this target today.
CAD/JPY beat strong resistance at 9140/75 for the next buy signal targeting 9270/90 (hit this morning) and 9320/30. Longs at first support at 9230/20 this trade worked perfectly yesterday offering a 50 pip profit this morning.
Today’s Analysis
USD/JPY longs at 113.90/70 target 114.45/55, 114.70, 114.95 and 115.20 after our buy signal.
Downside is expected to be limited with first support at 113.90/70. A break below 113.60 however meets a buying opportunity at 113.30/20. Stop below 113.05.
EUR/JPY expected to target 133.10/15 and 133.50/70 before the 2021 high at 134.10/12. Minor support at 132.80/60. Stop below 132.50.
CAD/JPY through 9140/75 for the next buy signal targeting 9270/90 and 9320/30 before reaching 9266. Further gains are expected with a break above 9280 targeting 9310/20. A break above 9330 is the next buy signal targeting 9370/90.
Downside is expected to be limited with bulls in control. First support at 131.80/60. Longs need stops below 131.40.
CADJPY through 9140/75 for the next buy signal targeting 9270/90 (hit this morning) and now 9320/30.
Downside is expected to be limited with first support again at 9230/20. Best support at 9160/40. Longs need stops below 9120.
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