USD/CAD, USD/CHF, JPY Cross Pairs: Levels, Ranges, Targets

Since the volatility and 35 trades from the March / April period, prices for USD/JPY and JPY cross pairs settled except GBP/JPY to consolidate into smaller ranges for June and July. Reported miles ahead to price settlement in currency pair prices resulted in accurate warnings.

The clear losers in JPY cross pairs in order was NZD/JPY as March to July, prices roamed from 79.00 to 74.00 but June to July traded 200 pips from 74.00 to 76.

CAD/JPY traded 81.00 to 86.00 March to July then ranges restricted to 300 pips from 82.00 to 85.00 for June to July.
CHF/JPY as the perfect follower to USD/JPY traded 486 pips from March to July but traded 316 pips June to July from 113.26 to 110.10. Perfect tracker means USD/JPY closed at 111.45 while CHF/JPY closed at 111.63.

AUD/JPY traded 80.00 to 84.00 March to July but 380 pips June to July from 80.71 to 84.51.

The clear winners were EUR/JPY and GBP/JPY as EUR/JPY traded 890 pips from March to July at 124.62 to 133.52 but 528 pips June / July from 126.63 to 131.91. GBP/JPY traded 1000 pips from March to July 153 to 143 but 523 pips June / July from 149.24 to 144.01.

JPY cross pairs for deep consideration tor the week and BOJ Tuesday in order is GBP/JPY, EUR/JPY and CHF/JPY. GBP/JPY sits 300 pips within a 144.71 to 147.42 range and EUR/JPY within a 200 pips range from 129.08 to 130.45.

Stand clear of CAD/JPY as this pair contains deep range problems while AUD/JPY in 4 months ranges comfortably within its 82.00 to 84.00 intervals.

GBP/JPY range is located from 144.71 to the break point for higher at 147.42. Long on drops is the weekly strategy as GBP/JPY must trade to 146.15 and longer term target to 149.76. The 147.00’s won’t break easily this week as much resistance begins at 147.08, 147.36, 147.42 and 147.99. At 147.00’s represents the reversal zone to allow 147.00’s to break higher later,.

EUR/JPY Break point to target 131.00’s is located solidly at 130.45. EUR/JPY sits deeply oversold on massive supports from 128.08, 128.77, 128.56 and 129.40. A break of 130.45 targets 131.22 and 131.50’s. Above 131.50’s then short only strategy is the way forward. Overall, I wouldn’t marry a EUR/JPY trade but trade within the 128 to 130.00 range.

CHF/JPY is a fascinating currency pair and it should retain permanent adoption to any USD/JPY and JPY cross pair strategy alongside EUR/JPY and GBP/JPY.

CHF/JPY break point to target 112.20, 112.52 and later 113.48 is located at 112.01. The best target for the week on a break of 112.01 is 112.56. Below watch 110.59 as a good long to target again lower 112.00. Why long CHF/JPY is because USD/CHF is overbought.

USD/CHF Break point to target 0.9795, 0.9677 and 0.9661 is located at 0.9875. USD/CHF is driven lower by massive overbought from 0.9795 and 0.9677. Sell strategy is the way forward especially below 1.0128.

USD/CAD break point to target 1.2977, 1.2918 and 1.2858 is located at 1.3033. Above 1.3033, range becomes 1.3051 to 1.3173. USD/CAD remains 4 weeks later, a sell only strategy for the eventual break of 1.3033 and target to lower 1.2800’s.


Brian Twomey


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