US$ and some Yen pairs

The US$ is still hovering near the 100 S/R level and, whilst some of the Yen pairs have been enjoying this move, any US$ pause here might offer some pullback opportunity on the these pairs. If so, the charts below reveal the key levels that are on my radar. Watch how the US$ behaves at this key 100 level with the batch of US data out tonight: Building Permits, CPI, Philly Fed Manufacturing Index, Weekly Unemployment Claims and the Fed Chair Testimony.

USDX weekly: still trying to decide what it’s going to do here: make or break?

usdxweekly

This US$ strength has been accompanied by Yen weakness and this has boosted some of the Yen pairs. Any pause with this US$ rally though could see some pause or pullback opportunity with these Yen pairs. A move back down to either the 50% or 61.8% fibs of the recent swing high moves would still fall within an overall continuation move though. Thus, watch to see IF price pulls back and, then, whether these pairs make or break at these S/R levels.

USD/JPY 4hr: Any 61.8% pullback would bring price back down to the recent S/R region near 104. Thus, watch for any move down here to see whether price makes or breaks at this 104.50 S/R region:

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AUD/JPY 4hr: Any 50% pullback would bring price back down to the recent S/R region near 80 and the weekly 200 EMA. Thus, watch for any move down here to see whether price makes or breaks at this S/R region:

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EUR/JPY 4hr: Any 61.8% pullback would bring price back down to the recent S/R region near 115 and the weekly 200 EMA. Thus, watch for any move below recent S/R at 116.35 to see whether price makes or breaks at this 115 region:

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GBP/JPY 4hr: Any 61.8% pullback would bring price back down to the recent S/R region near 130.50 and the weekly 200 EMA. Thus, watch for any move below recent S/R at 134 to see whether price makes or breaks at this 115 region:

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