Forex 4 minutes to read
Kim Cramer Larsson

Technical Analyst, Saxo Bank

USDJPY still holding on above support at around 149.75 A close below could see the pair dropping to 148.80 strong support

However, RSI is still showing positive sentiment with no divergence supporting the bullish picture that could lift USDJPY around 152

Source all charts and data: Saxo Group

EURJPY is slowly crawling higher but struggling to really take off. The uptrend is intact with potential to 163.30-164.30.
Positive sentiment on RSI supporting the bullish outlook . A close below 160.40 will demolish the bullish picture

AUDJPY is with-in few cents from testing the November 2023 peak at around 98.70. A break above could extend the uptrend to the 1.618 projection at 99.41

RSI is back above the 60 threshold i.e., in positive sentiment supporting higher AUDJPY levels

A close below 97.00 will demolish the bullish scenario but if closing below 97.90 it could be in jeopardy and an indication of a trend reversal

GBPJPY moving sideways above 188.60 and the very short-term steep rising trendline

The positive sentiment on RSI is supporting the bullish picture that could take the GBPJPY to the 1.618 projection at 191.25
A close below 187.85 is likely to reverse the bullish trend

CHFJPY seems to be forming a symmetrical triangle like pattern. Break out is needed for direction.
A bullish break out will indicate a move to at least the 1.382 projection at 172.81 but could push higher to the 1.618 projection at 173.79

A bearish breakout followed by a break below support at around 169.30 CHFJPY is likely to sell-off down to 0.382 retracement at 168.14. The 100 DMA will give some support in that area.

RSI is showing positive sentiment indicating breakout is likely to be to the upside

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