1. CADJPY
2. CHFJPY
3. NZDJPY
CADJPY The one and a half year support line has been definitively broken and focus has shifted to the 11/2 low at 102.89. Support is reinforced by the 200 day SMA at 102.91. A break below the confluence of support would be significant and indicate a change in trend. Price below the 11/6 high at 104.83 keeps the bearish structure intact. A break below 102.89 would expose the 8/4 low at 100.96
CHFJPY The CHFJPY did push through the 10/4 high at 94.88 but has declined today to test 94.50. The failed break higher places a double top in place at the 95.00 figure (high yesterday is at 95.03). Daily CCI has turned over and is above 100 a decline below 100 would bring reversal potential to the forefront. It is possible that a triangle is forming since the 8/31 high at 95.65. The lower end of the triangle would be support near 93.50.
NZDJPY Kiwi/Yen failed to rally through the 10/23 high at 79.47, thereby creating a lower swing high at 79.21 on 11/7. The decline since has extended to 77.54, and potential support is just below at the 10/27 low at 77.37. Focus shifts to the 9/22 low at 76.32 on a break lower. 79.21 needs to hold as resistance in order to keep the bearish pattern of lower highs intact.
