USD/JPY key resistance at 104.65/75. Shorts need stops above 104.90. A break higher is a buy signal targeting 105.30/40 & strong resistance at 105.60/70 for profit taking.
Shorts at key resistance at 104.65/75 target 104.40/30, perhaps as far as 104.15/05.
Below 104.00 risks a slide to 103.75/65.
EUR/JPY hits a selling opportunity at 123.70/80 with stops above 123.90. A break higher targets 124.25/30.
Best support at 123.40/30. Longs need stops below 123.10.
Trends
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral