USDJPY _ EURJPY Spot
USDJPY holding above 108.00/10 for a buy signal targeting 108.46/50 (we topped exactly here) & 108.65/70. Above 108.75 targets strong resistance at 108.90/95. Shorts need stops above 109.05. Strong support at 108.10/00. Longs need stops below 107.85. A break lower targets 107.65/60 & 107.45/40.
EURJPY holding first resistance at 122.75/85 targets first support at 122.50/40. Further losses meet a buying opportunity at 122.20/10, with stops below 121.95. Above 122.95 allows a retest of the 123.30/35 high. We should struggle here but look for a selling opportunity at 123.60/70, with stops above 123.90.
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