USD/JPY – EUR/JPY
USDJPY longs at our buying opportunity at 103.60/50 worked perfectly on the bounce from 103.51 to first resistance at 103.90/104.00.
EURJPY topped exactly at first resistance at 126.70/60 to target 126.15/05.
Daily Analysis
USDJPY longs at our buying opportunity at 103.60/50 hit first resistance at 103.90/104.00. If we hold above 104.00 look for 104.35/45 today. A selling opportunity at 104.65/75 with stops above 104.90. A break higher is a strong buy signal.
Be ready to sell a break below 103.35 for 103.00/90, perhaps as far as 102.75/65.
EURJPY holding first resistance at 126.70/60 targets 126.15/05, perhaps as far as support at 125.80/70.
First resistance at 126.60/70. Shorts need stops above 126.80 for 127.10/20 before resistance at the 2019 high at 127.40/50. A break higher is a clear buy signal targeting 127.90/99 then 128.20/25. We look for strong resistance at 128.65/75.
Chart
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