USD/JPY, EUR/JPY, CAD/JPY Forecast

USD/JPY holding below first resistance at 110.65/85 is negative for today. Stop above 111.00.

EUR/JPY topped exactly at strong resistance at 131.00/20 targeting 130.60/50 and 130.20/00. As I write, we bottomed exactly here for another 80 pip profit.

CAD/JPY over ran first resistance at 8885/90 by 20 pips but then headed lower as predicted to the targets of 8850/40 and strong support at June lows at 8820/00.

Today’s Analysis

USD/JPY holding below first resistance at 110.65/85 is a sell signal for today targeting 110.65/55 then a buying opportunity at 110.10/00. Longs need stops below 109.85.

A break above 111.00 is a buy signal targeting 111.35 before a retest of the high at 111.60/65.

EUR/JPY topped exactly at strong resistance at 131.00/20 targeting 130.60/50 and 130.20/00. We bottomed exactly here this morning. A break lower today is a sell signal targeting 129.80 and support at 129.50/40.

Gains are likely to be limited with strong resistance again at 131.00/20 and 131.50/70. Bulls need a break above 131.90 for a buy signal.

CAD/JPY tests strong support at June lows at 8820/00. Longs need stops below 8780. A break lower is an important sell signal targeting 8760 & 8720/10.

Gains are likely to be limited with first resistance at 8885/90 and very strong resistance at 8960/80. Bulls need a break above 9000 for a medium term buy signal.

JPY Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments