A look at the EURJPY, GBPJPY and AUDJPY
EURJPY
Today the EURJPY held a topside trend line above (currently at 113.43) and the 100 hour MA below (currently at 113.03). The pair trades in the middle of those two extremes. The pair is trying to correct after a move down - starting on July 27th - took the price from 117.139 to 112.308 on Friday. That low from Friday was leaning against support from a trend line connecting lows from July 26th and August 2nd.
GBPJPY
The GBPJPY tested the 100 hour MA yesterday and again at the beginning of the trading day today. Sellers leaned against the MA level.
Traders leaned again when the price came down to the 131.956-132.22 area. Going back to July 4th there was a swing low,then some swing highs that defined the post-Brexit low. That "red" area was broken on July 11th and was not tested again until US employment Friday and again today (the Friday low was even taken out but sellers could not push below the lower extreme.
AUDJPY
The AUDJPY saw traders leaning against the trend line at the 78.03 level (the low came in at 78.01). The price has rebounded modestly off the level and if the bulls are to remain in control, a move above the topside trend line at the 78.28, followed by a move above the 38.2% at 78.397 (38.2% of the move down from the July 15th high), should solicit more buying.
