Yahoo Finance Technical Checks For USD/JPY, GBP/JPY, NZD/JPY & CAD/JPY: 19.04.2018
USD/JPY
Given the USDJPY’s sustained trading above fortnight-old ascending trend-line, the pair is likely to challenge the 107.85-90 horizontal-resistance, which if broken could escalate its recovery towards 108.45 and the 108.90 north-side numbers. If prices keep rising after 108.90, the 109.30 and the 109.80 can offer intermediate halts during its rally to 110.50. In case of the pullback, the 107.15 may become nearby rest for the pair ahead of highlighting the 106.90 TL, breaking which 106.60 & 106.10 shouldn’t be missed if holding short positions. Moreover, the 105.60 and the 105.30-25 can entertain the Bears past-106.10.
GBP/JPY
GBPJPY’s U-turn from 153.85-90 seems dragging it in direction to 151.70 and 151.15 while 151.85-75 region and the 150.40 ascending trend-line mark can limit the pair’s further downside. However, pair’s break of 150.40 can push the 150.00 psychological number to activate the profit-booking, failing to which could print the 149.30 and the 148.75 on chart. Alternatively, the 152.75 and the 153.30 might act as immediate resistances for the pair ahead of fueling to confront the 153.85-90 zone. Assuming that the pair manages to conquer 153.90, the 154.85 and the 155.50 may grab buyers’ attention.
NZD/JPY
Failure to clear the 200-day SMA again fetched the NZDJPY to 78.30-40 support-area that can trigger it’s up-moves, if not, then 78.00 and the 50-day SMA level of 77.70 could appear in the sellers’ radars to target. Should the pair posts a daily closing below 77.70, the 77.05, the 76.40 and the 76.00 can mark their presence as quotes. Meanwhile, 78.50, the 79.15 and the 200-day SMA level of 79.30 are likely consecutive resistances to restrict the pair’s near-term upside, breaking which 79.70 and the downward slanting TL, at 79.90, can become important for traders. If at all the pair surpasses the 79.90, also smashes the 80.00 round-figure, it’s rise to 81.00 and the 81.55 can’t be negated.
CAD/JPY
With the 85.30-45 horizontal-region aptly restricting the CADJPY’s advances, the pair expected to revisit the 84.55 and the 84.20 supports prior to aiming the 50-day SMA level of 83.45 during its additional declines. Though, an ascending trend-line, at 82.90, may confine the pair’s south-run beneath the 83.45, failing to which can make it vulnerable to plunge towards 82.40 & 81.60 rest-points. On the upside, a D1 close above 85.45 enables the pair to meet the 85.75 and the 100-day SMA level of 86.10, which if broken might propel its rise to 86.70 and then to the 87.30 resistances.
Cheers and Safe Trading,
Anil Panchal
This article was originally posted on FX Empire
