At the time of preparing this article, GBPJPY entirely erases intraday losses, currently trading at 144.15 and CHFJPY trading at 113.45 on the verge of a range breakout (113.50-112.90).
USDJPY: Selling pressure remains very strong at 20MA, a descending channel is still evident in the hourly chart. On top of this, the daily indicators are staying bearish, but 100MA & 20MA (Weekly) is the superheroes overnight. This morning the cross is trading at 112.70. Friday Asia resistance could be 112.85 and 113.30.
The corrective structure on the daily chart is point 111.00.
Read JPY/XXX here: http://www.keytomarkets.com/blog/blog/ktm-fx-daily-jpy-chart-pack/
USDJPY: Selling pressure remains very strong at 20MA, a descending channel is still evident in the hourly chart. On top of this, the daily indicators are staying bearish, but 100MA & 20MA (Weekly) is the superheroes overnight. This morning the cross is trading at 112.70. Friday Asia resistance could be 112.85 and 113.30.
The corrective structure on the daily chart is point 111.00.
Read JPY/XXX here: http://www.keytomarkets.com/blog/blog/ktm-fx-daily-jpy-chart-pack/
Comment:
Trading<100MAs. Eyes 112.30