USD/JPY lacking any clear short term direction or trend
EUR/JPY 2 losses yesterday unfortunately as we beat resistance at 116.20/30 & 116.70/80.
Today’s Analysis
USD/JPY first resistance at 107.40/50. A break above 107.70 is a buy signal targeting 108.05/15 perhaps as far as a selling opportunity at 108.30/40. Stop above 108.60.
Try longs at 107.10/00 with stops below 106.85. A break lower is a sell signal targeting 106.70/65 then 106.40/30.
EUR/JPY unexpectedly shot higher to 117.34. Key resistance at 117.60/70 but a break above 117.80 targets 118.20/30, perhaps as far as 118.60/65.
Buy at 116.70/60. stop below 116.45. A break lower targets 116.10/00.
Trends
- Weekly outlook is neutral
- Daily outlook is negative
- Short Term outlook is neutral