Analysis
USD/JPY held minor support at 105.60/65 perfectly. Watch strong resistance again at 106.00/10. Shorts need stops above 106.25. An unexpected break higher targets 106.50/60.
Below 105.50 risks a retest of very minor support at recent lows at 105.20/10. Be ready to sell a break below 105.00 targeting 104.75/70, 104.35/30 & the July low at 104.20/16.
EUR/JPY retests strong resistance at 126.65/75 but we are trying to break higher this morning to 127.30/40 & 127.80/90.
2 good support levels at 126.25/15 & 125.60/50. Try longs here with stops below 125.35.
Trends
Weekly Outlook Neutral
Daily Outlook Neutral
Short Term Outlook Neutral
Chart