USD/JPY shorts at first resistance at 110.65/85 worked on the slide to 110.10/00, but longs here were stopped below 109.85.
EUR/JPY topped exactly at strong resistance at 131.00/20 targeting 130.20/00 and support at 129.50/40. We held just 11 pips a here for a potential 140 pip profit last week.
CAD/JPY broke strong support at June lows at 8820/00 for an important sell signal targeting 8760 and 8720/10. The pair bottomed exactly here.
Analysis
USD/JPY strong resistance at 110.00/10. Shorts target 109.60/50, perhaps as far as support at 109.25/20 for profit taking.
Shorts at strong resistance at 110.00/10 stop above 110.30. Strong resistance at 110.70/80. Shorts needed stops above 110.90.
EUR/JPY topped exactly at strong resistance at 131.00/20 and bounced just 11 pips from support at 129.50/40. If you managed a long just above here look for first target 130.50/60. A high for the morning on Friday was likely here. A sell opportunity at 131.10/30, stop above 131.40.
Longs at strong support at 129.50/40 stop below 129.20. A break lower was a sell signal targeting 128.40/30.
CAD/JPY shorts on the break of June lows at 8820/00 worked perfectly as we hit the target of 8720/10 for profit taking. Gains were likely to be limited with strong resistance at 8800/10. Shorts needed stops above 8830. Strong resistance at 8860/70. Stop above 8890.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.