USD/JPY, EUR/JPY And CAD/JPY Daily Forecast
Jason Sen | Jun 09, 2021 07:37AM ET
USD/JPY holding below 109.60/70 risks a slide to to best support at 109.15/05 today. EUR/JPY in a small consolidation phase and we are holding longs at strong support at 133.10/00.
CAD/JPY bottomed exactly at first support at 9045/35 again yesterday. Longs need stops below 9025. A break lower is a sell signal.
h2 Today’s Analysis/h2USD/JPY best support at 109.15/05 today. Longs need stops below 108.90. A break lower targets 108.60/50 and 108.35/30.
Minor resistance at 109.60/70. A break higher targets 109.90/95 with trend line resistance at 110.30/40.
EUR/JPY in a small consolidation phase, just holding strong support at 133.10/00.
Longs need stops below 132.85!! A break lower to is a sell signal targeting 132.50/40 before 1.5 year trend line support at 132.25/15. Longs need stops below 131.95.
Longs at strong support at 133.10/00 target 133.50/60 and 133.80/85. Further gains retest 134.00/10. A break higher in the bull trend targets 134.35/45 then 134.85/95.
CAD/JPY longs at first support at 9045/35 target first resistance at 9070/80 in the sideways trend. Further gains retest the 7110/20 high. A break higher targets 9140/45.
First support at 9045/35. Longs need stops below 9025. A break lower is a sell signal targeting 2 week lows at 8988/83 and 3 week lows at 8960/55.
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