USD/JPY
1st support - 108.30 (major)
1st resistance - 110.50 (moderate)
2nd support - 107.40 (minor)
2nd resistance - 112.00 (moderate)
USD/JPY (last 109.38): The pair is supported by a rising trend line drawn from October, indicating a bullish outlook. Both rising 20-day and 50-day moving averages are also acting as support now. The relative strength index stays above its neutrality level at 50, showing the lack of downward momentum for the prices. Hence, above 108.30, expect a rise with targets at 110.50 and 112.00 in extension. On the other hand, a break below 108.30 would open a path to 107.40 on the downside.
EUR/USD (last 1.1190): The pair posted a sharp rebound after touching both rising 20-day and 50-day moving average. Currently, the prices cross above the upper Bollinger band, calling for an upward acceleration. The relative strength index is locating at 60s, suggesting the upward momentum for the prices. Therefore, as long as 1.1065 is not broken, expect a further upside with targets at 1.1280 and 1.1370 in extension. Alternatively, breaking below 1.1065 would bring a return with 1.0980 and 1.0880 as targets.
USD/JPY (last 109.38): The pair is supported by a rising trend line drawn from October, indicating a bullish outlook. Both rising 20-day and 50-day moving averages are also acting as support now. The relative strength index stays above its neutrality level at 50, showing the lack of downward momentum for the prices. Hence, above 108.30, expect a rise with targets at 110.50 and 112.00 in extension. On the other hand, a break below 108.30 would open a path to 107.40 on the downside.
EUR/USD 1st support - 1.1065 (major) 1st resistance - 1.1280 (moderate) 2nd support - 1.0980 (minor) 2nd resistance - 1.1370 (moderate)
EUR/USD (last 1.1190): The pair posted a sharp rebound after touching both rising 20-day and 50-day moving average. Currently, the prices cross above the upper Bollinger band, calling for an upward acceleration. The relative strength index is locating at 60s, suggesting the upward momentum for the prices. Therefore, as long as 1.1065 is not broken, expect a further upside with targets at 1.1280 and 1.1370 in extension. Alternatively, breaking below 1.1065 would bring a return with 1.0980 and 1.0880 as targets.
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