USD/JPY, EUR/JPY And CAD/JPY Outlook Neutral

ranges from important resistance at 109.00/10 to first support at 108.30/20.

we wrote: holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal initially targeting 130.30/35.

We bottomed exactly at 129.45/55 and have reached 130.28.

shorts at 8615/25 unfortunately stopped above 8665.

Today’s Analysis

USD/JPY scalpers can buy a break above 108.80 to target important longer term resistance at 109.00/10. Try shorts with stops above 109.35.

First support at 108.30/20. (We bottomed exactly here this week) Further losses meet strong support at 107.65/55.

EUR/JPY holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal initially targeting 130.30/35. If we continue higher today look for 130.55/60.

Buy 129.55/45 with stops below 129.30.

CAD/JPY holding above 8615/25 is a buy signal as we target 8685/95. A break above 8705 targets 8740/50.

First support at 8640/30. Longs need stops below 8615.

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Neutral
  • Short Term Outlook Neutral
JPY Chart
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.