USD/JPY - Break Below 110.30 Is A Sell Signal
Jason Sen | Mar 21, 2019 08:59AM ET
USD/JPY 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 and 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.
EUR/JPY 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.
/h3
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