USDJPY climbing higher today, after the pair closed negatively yesterday. The pair is posting a new weekly high and a monthly high as well. The pair is currently trading at resistance levels of 99.95; a break above exposes the October highs next at 100.45, followed by 100.86. Alternatively a break below 99.10 would be a bearish signal.
EURJPY retracing 76.4% of the latest decline initiated from the October highs towards the November lows. Price action has formed a bullish pin bar yesterday, which is a bullish signal, bias remains to the upside as long as this market is above 133.70. a break below these levels would be a bearish signal .
EURUSD retracing some of the latest losses made the past 3 weeks. The pair has closed positively for 3 days in a row, the EURUSD coming off today and is currently trading at 1.3458. Current levels could offer selling opportunities for the pair as bias remains to the downside for a continuation of latest bearish momentum as long as this market is trading below 1.3547. A break above 1.3547 would be a bullish signal.