Today's daily charts for USD/JPY, CAD/JPY and CHF/JPY
|USD/JPY Daily
-
After coiling and failing to break above the June ’15 trendline, JPY is attempting to break the March trendline.
-
The bias is for a move towards 111.38 whilst 113.24 caps as resistance.
-
Expect the pair to be sensitive to today’s NFP report and any US-China trade headlines.
CAD/JPY Daily
-
A bearish breakout has invalidated a bullish channel.
-
We’d like to see prices consolidate before its next leg lower. Look for 84.61 or the lower trendline to cap as resistance.
-
A break beneath 83.63 brings the 82.17 and 80.54 lows into focus. Keep an eye on CAD employment figures alongside NFP.
CHF/JPY Daily
-
Near-term momentum favours bullish setups within the ascending channel.
-
However, a stronger downtrend has dominated momentum since a bearish pinbar high.
-
Target the 114.41 high or upper trendline whilst within the channel or wait for a break of 112.86 to confirm resumption of its downtrend.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.