Tag - jpy - japanese yen

AUD/JPY reversed from resistance zone Next sell target - 80…

Do you want to get clues on the upcoming economic events?

The pair is likely going to reach the closest resistance at 111.87, which could be a starting point for another decline...

Let’s start with a look at the economic calendar for the upcoming days.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.

CAD/JPY reversed from resistance zone Next sell target - 84…

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.

On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.  

We should keep an eye on the nearest support at 112.71 as a possible departure point for another bullish rally...

The situation in the economic world is unstable, however, the Japanese yen does not rise.

It's likely that after a short break the pair is going to achieve the next support level at 111.90...