Japanese Yen Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
In this technical analysis report, we will be looking at the Japanese Yen against the US Dollar (USD/JPY), Euro (EUR/JPY), and British Pound (GBP/JPY).
USD/JPY: The USD/JPY pair has been trading in a range between 108.50 and 110.50. A break above 110.50 could lead to further upside momentum towards 112.00. On the downside, a break below 108.50 could signal a move towards 107.00.
EUR/JPY: The EUR/JPY pair has been trending lower, with key support seen at 129.00. A break below this level could open the door for a move towards 127.50. On the upside, resistance is seen at 131.00.
GBP/JPY: The GBP/JPY pair has been in a downtrend, with key support at 148.00. A break below this level could lead to further downside towards 146.50. On the upside, resistance is seen at 150.00.
Overall, the Japanese Yen is showing mixed signals against major currencies, with potential for both upside and downside moves. Traders should keep a close eye on key levels for potential trading opportunities.