As mentioned Sunday, EUR/USD tested our LT targets at 1.3852 and has held there for now. The next resistance level should be at 1.3988, with a ST cycle completion target of around 1.4115. ST support should be at 1.3938 and 1.3911.
USD/JPY In Sideways-To-Up Pattern
USD/JPY continues on its sideways-to-up cycle, with projections at 91.14, 91.40, 91.83 and 92.11. The 92.00 area may provide substantial resistance. Support should be at 90.47 and 90.30.
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