USD/JPY bottomed exactly at first support at 104.15/05 but no bounce. A break below 103.90 is a sell signal targeting 103.75/70, perhaps as far as 103.50/45.
Holding first support at 104.15/05 targets 104.35/40 with a selling opportunity at 104.60/70. Stop above 104.85.
EUR/JPY holding below 123.55 targets 123.30. On further losses look for 123.00/122.90.
First resistance at 123.75/85. Above 124.00 look for 124.35/45.
Trends
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
