USD/JPY Tops At 114.40/50; EUR/JPY Holds Support At 131.20/10

Published 10/04/2018, 12:57 AM
Updated 07/09/2023, 06:31 AM

USD/JPY And EUR/JPY Weekly Chart

USD/JPY shot higher from 113.52/48 and through 113.95/99 to the next target of 114.40/50 and topped exactly here. A break higher today targets 114.80/90 and 115.50/60.

First support at 114.10/00 should hold the downside but longs need stops below 113.80.

EUR/JPY buying opportunity at 131.20/10 again today, with stops below 130.70. A break lower targets 130.10/129.90.

Holding good support at 131.20/10 re-targets 131.60 and resistance at 131.85/95. Above 132.10 re-targets minor resistance at 132.40/50. Above 132.60 takes the pair towards 133.05/15. On a break higher look for minor resistance at 133.45/50.

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