USD/JPY bottomed exactly at first support at 111.20/10
|USDJPY _ EURJPY Spot
USDJPY bottomed exactly at first support at 111.20/10 but a break below 111.00 targets 110.80/75 then 110.50.
We topped 3 pips from minor resistance at 111.50/55 on the bounce but above here targets 111.80/85 before strong resistance at the high at 112.10/20. Try shorts with stops above 112.40.
EURJPY just topped 6 pips above resistance at the 100 day moving average at 126.55 with 4 month trend line resistance dipping to 126.80/85 this week. A break higher tests important 200 week moving average resistance at 127.13/18. A lot for bulls to tackle.
First support at 126.15/05 held perfectly but below 125.90 targets 125.70/60 then 125.30/20.
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