Hi,Below are the supports and resistances for the JPY crosses for today:-
USDJPY - Important support at 121.30. If that is broken, next support is at 121.10 which is a very strong support and the final major support is at 120.85. On the topside, the resistance is at 121.48 and then at 121.82 and final major resistance at 122.10.
EURJPY - Since this pair ended up virtually unchanged from yesterday, supports and resistances remain almost the same. Important support at 164.05. If that is broken, next support is at 163.67 and the final major support is at 163.30. On the topside, the resistance is at 164.30 and then at 164.60.
GBPJPY - Important support at 241.80. If that is broken, next support is at 241.53 and the final major support is at 241.02. On the topside, the resistance is at 242.20 and then a major resistance at 242.70.
With the Chinese stock exchange in the green as of this writing and with ECB rates today and BOE tomorrow, expect the crosses to be buoyant.
Happy Trading!!
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2 comments:
Well, I think that the market has alrady priced in the ECB hike so EUR/JPY would not be as buoyant as you feel, the BOE should keep the GBP/JPY and Cable moving up though.
I guess u were right after all!!
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