USD/JPY holding below 110.80/75 is negative

Jason Sen DayTradeIdeas.co.uk

USDJPY _ EURJPY Spot

USDJPY holding below 110.80/75 is negative but we have quite good support at 110.45/35. A break below 110.30 therefore is a sell signal targeting 110.10/00 & 109.70/60. |
First resistance at 110.75/85 but above here meets a selling opportunity at 111.20/30 with stops above 111.45.

EURJPY unable to make a sustained break above the 100 day moving average at 126.55 so far this week as we topped at 4 month trend line resistance 126.80/85. 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 but below 125.90 targets 125.70/60 then 125.30/20.

Author

Jason Sen

DayTradeIdeas.co.uk

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