USD/JPY holding first resistance at 104.05/15 keeps the outlook negative, targeting 103.75/70, perhaps as far as 103.50/45 today. Further losses retest support at the November low of 103.25/15. Longs need stops below 103.00.
First resistance at 104.05/15 then a selling opportunity at 104.40/50 with stops above 104.75.
EUR/JPY holding first resistance at 123.30/40 re-targets 123.00/122.90. We bottomed exactly here on Friday but if we continue lower look for 122.70/60 then 122.10/00.
First resistance at 123.30/40 then a selling opportunity at 123.70/80 with stops above 123.90.
Trends
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
