USD/JPY: Levels, Ranges, Targets

USD/JPY from current 103.42 is in a crucial position as most vital break points lie ahead. Next important inflection levels are located at 104.28, 104.37 and 104.51. The import to the 104.51 break is the next critical point located at 105.52 then 108.54 and 108.82.
Due to USD/JPY’s massive fall from 125 and in a short period of time, the wider range is located from the current base at 98.45 and 98.21 to 108.54 and 108.82. Both 108’s and 98’s are range points. Inside the wide range is current support and resistance levels from 102.17 to 103.93. Above 103.93 then big break points begin from 104.28 to 104.37 and 104.51.
While 105.52 is next target upon a cross above 104.51, an actual uptrend begins at 106.16 and 106.28. An established trend takes over and is firmly in control and USD/JPY could easily ride to 108’s. Failure to break 104.37 and 104.51 is suscptible to a sharp reversal.
Below, USD/JPY must break 103.57, a line that dates to 1999, to target 102.59 and 102.33. Break below 102.59 and 102.33 firmly establishes the downtrend with easy ability to travel to 100’s.
USD/JPY’s daily pip range is the same pip range as USD/CHF at 52 pips. USD/CAD at 65 daily pips would far surpass USD/JPY and USD/CHF in wider volatile moves. USD/CAD matches GBP/USD in daily pips movements at 65 but the wider explanation to GBP/USD high daily pip ranges is GBP/USD Correlates + 90% to its major pairs including GBP/EUR, GBP/NOK and GBP/SEK. While GBP is currently running on all cylinders, USD/CAD high pip range is naturally built into its price.
USD/JPY awaits breaks at 104.51 or 103.57.

 

Brian Twomey, Inside the Currency Market, btwomey.com

USD/CAD: Levels, Ranges, Targets

 
USD/CAD

Solid and immediate supports exist below for USD/CAD 1.2854 and 1.2840. Further 1.2826 and 1.2810. The bottom today is located at 1.2854. USD/CAD achieves 1.2854 by breaks at 1.2886 and 1.2870. Overall USD/CAD is built upon a base at 1.2303.
USD/CAD targets are located at 1.2946 and 1.2949.
Most vital breaks in USD/CAD are located at 1.3032, 1.3043 and 1.2983. To break 1.2983 USD/CAD must hold above 1.2901. Breaks above 1.2983, 1.3032 and 1.3043 targets next 1.3066 and 1.3102. Not only is 1.3066 and 1.3102 vital as targets but breaks above would sustain a longer lasting uptrend.
What holds USD/CAD from achieving upper prices is currently 1.3186. A break of 1.3186 opens the flood gates to 1.3481 as the path is wide open. The point to watch all week then is 1.3186. Overall USD/CAD price is extremely low and becomes lower upon any drops.

 

Brian Twomey, Inside the Currency Market, Brian Twomey, btwomey.com

USD/CHF: Levels, Ranges, Targets

 

 

USD/CHF 0.9770 and 0.9763 hold prices from further drops, reinforccd by today’s bottom price at 0.9749. Current targets with extreme caution are found at 0.9845 and 0.9849. Why caution is two big points lie just above at 0.9810 and 0.9921. Both decides USD/CHF fate all week. A break of 0.9810 then range becomes 0.9921 to 0.9810.
USD/CHF second problem in higher prices is the best target above 0.9921 is 1.0017 and next because current price is quite high to middle range. The base in USD/CHF is located at 0.9332.
what carries USD/CHF higher is a continued rise of 0.9770 and 0.9763.

 

Brian Twomey, Inside the Currency Market, btwomey.com