Hi all,
So finally some correction is beginning to take place in all the crosses, something that was long overdue. My system shows that all the crosses are getting ready for a short though the signals are not confirmed yet. Today should be an interesting day and i have a feeling that today will set the direction for the crosses for the next few days. Throughout this week, all the news are related to the USD but so far, for the past 2 weeks, all the action seems to be coming from the crosses. Let see.Below are the supports and resistances for the JPY crosses for today:-
USDJPY - Important support at 123.35. If that is broken, next support is at 123.15 which is a very strong support and the final major support is at 122.90. On the topside, the resistance is at 123.63 and then at 123.85.
EURJPY - Important support at 166.02. If that is broken, next support is at 165.65 and the final major support is at 165.40. On the topside, the resistance is at 166.41 and then at 166.82.
GBPJPY - Important support at 246.55. If that is broken, next support is at 246.02 and the final major support is at 245.70. On the topside, the resistance is at 247.10 and then a major resistance at 247.65.
Happy Trading !!!
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3 comments:
Why 245.70 as support for GBP/JPY? Are you looking a fibo level I am missing?
Hi packetguy, i use murray maths as well for these and they say so..
murray maths? That's new to me. off to google now.
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