Technical Analysis

EURJPY and USDJPY holding a lower trend line

Not running higher or lower at the moment

The EURJPY and USDJPY have similar charts. Both fell on the flash crash and have been ratching higher over the last two days.

Looking at the EURJPY, the low in the NY session stalled right at a lower trend line. Above the pair targets the 50% retracement at 123.879 and then the 100 hour MA at 124.24

For the USDJPY, it too has been finding support at the trend line. On the topside a trend line and 100 hour MA come in at 108.78 and 108.86 respectively (moving lower).   A move above opens up the upside. 

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