The technical players are out in force today in EURJPY & USDJPY

Just a bit of market chatter to jot down. Technical traders have some bids in play in EURJPY and USDJPY. EURJPY buyers are lined up at the bottom of the daily cloud, around 130.95/131.00.

EURJPY daily chart

USDJPY buyers are sitting on bids around the 50.0 fib of the Sep rally at 111.00/05. Those bids will be alongside the usualy big figure action, so it means there’s a bit more on top of what might be there already.

USDJPY daily chart

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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