USDJPY & EURJPY outlook
USDJPY broke good support at 113.15/05 for a sell signal targeting 112.65/60 & a buying opportunity at 112.25/15.

EURJPY collapsed below minor support at 128.70/60 to the next target of 128.00/127.90 & 127.60/50.

#USDJPY holding below 113.15/05 (we just bounced to this level again over night) targets 112.65/60 & a buying opportunity at 112.30/20, with stops below 111.95. A break below 111.90 is another sell signal targeting 111.75 & 111.50/40.
First resistance at 113.05/15 but shorts need stops above 113.40. An unexpected break higher targets 113.90/114.00 before the October high at 114.50/54.

#EURJPY is holding the next target of 127.60/50 for a bounce to 128.00/127.90 as I write. Further gains meet strong resistance at 128.60/70. Try shorts with stops above 129.00.
Below 127.60/50 look for 127.25/20, perhaps as far as the October low at 126.70/60.

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