JPY crosses/Technical Analysis

JPY crosses turning bullish

AUD/JPY has broken through the downtrend line and is also looking like a buy-dip proposition.

EUR/JPY had been trading in a 98.00/99.00 trading range for 11 consecutive trading days and the bullish break last night opens up possibilities for a minimum short-term move to 101.70. Care is warranted due to the NFP numbers later tonight but I’m definitely in the buy-dip camp here.

 

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