USDJPY rallying higher today after consolidating for a few days, the pair surged up to resistance levels of 100.83, these level acts as the short term resistance, a break above exposes 101.25 next followed by 101.52, July 2013 highs. Bias remains to the upside as long as the pair is trading above 99.99, a break below these levels would be a bearish sign.
EURJPY retracing most of yesterday’s decline as the pair is approaching resistance levels at 135.48. Yesterday the pair posted a monthly high at 135.94 which a yearly high as well for the pair but eventually closed the day negatively, pair is currently trading at 135.49, nearest resistance is at the yesterday high, support is at 134.93 initially, followed by 134.59 and 134.25. Bias remains to the upside as long as the pair is trading above daily lows at 134.36.
NZDUSD came off from the monthly highs and posting a big decline in the last 2 days of trading. Monthly highs at levels of 0.8400 hold again as resistance as sellers emerged at these levels sending the pair down towards the opening levels of the month. Bias is for a continuation of recent declines as long as the pair is trading below 0.8308. a break above these levels would be a bullish sign.