AUD/JPY meets selling pressure on the retest of the 2021 high at 8625/42 so we do have a potential rare triple top starting to form. Obviously, a break above 8660 would be a significant buy signal. If you are short now, targets are 8490/80 then strong support at 8430/10. A low for the day is likely, for scalpers looking for a short term bounce to 8475/85. A break below 8400 is a sell signal initially targeting 8370, then strong support at 8320/10.
USD/JPY rockets 200 pips after my buy signal as we reach minor resistance at 118.10/20. We are overbought in all time frames and we are close to the 2016/17 high at 118.60/66. I am not sure that I am ready to try shorts just yet, but, if you have bagged 200 pips, it is time for profit taking. Then wait for the next signal. Obviously, a break above 118.80 would be a buy signal if sustained.
NZD/JPY hit my next target of 8010/20 in the 7 week bull trend. Above 8030, look for 8085/95.
