The USD/JPY, EUR/JPY, and GBP/JPY currency pairs have been experiencing some interesting movements lately. Let’s take a look at the technical analysis for the Japanese Yen.
USD/JPY: The USD/JPY pair has been trading in a range between 108.00 and 110.00. The pair is currently testing the upper end of the range, and a break above 110.00 could lead to further gains towards 112.00. On the downside, a break below 108.00 could signal a move towards 106.00.
EUR/JPY: The EUR/JPY pair has been in a downtrend, trading below the key level of 130.00. The pair is currently consolidating between 128.00 and 130.00. A break below 128.00 could lead to further losses towards 126.00. On the upside, a break above 130.00 could signal a move towards 132.00.
GBP/JPY: The GBP/JPY pair has been trading in a range between 150.00 and 152.00. The pair is currently testing the lower end of the range, and a break below 150.00 could lead to further losses towards 148.00. On the upside, a break above 152.00 could signal a move towards 154.00.
Overall, the USD/JPY, EUR/JPY, and GBP/JPY pairs are all showing interesting technical patterns. Traders should keep a close eye on key levels for potential trading opportunities.