USDJPY has resolved its “triangular” range to the topside. We target 101.54/61 initially, above which would retarget the 103.10/74 medium-term resistance. A break above the latter is needed to turn the trend higher again for 105.60.
EURJPY has yet to follow USDJPY higher. Above 132.45/75 is needed to suggest a bullish “triangle” has been completed here also, for the 133.84 peak initially, and eventually 139.14/141.00.
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