EURJPY And AUDJPY Updates

Grega Horvat

Like we said last week, when stocks are coming lower that’s when XXX/JPY pairs may also come under-pressure so our eye is on EURJPY and AUDJPY at this stage. EURJPY may see another leg up into 133.00 resistance from where we will look for a sell-off. A drop below lower trendline support will confirm a turn.

EURJPY Hourly Chart

EURJPY Hourly Chart

On AUDJPY pair looks weaker and it’s already testing the channel line, so if it’s going to be broken today with acceleration down to 82.67 then definitely we may consider shorts on pullback.

AUDJPY Hourly Chart

EURJPY Hourly Chart

Source: www.ew-forecast.com

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