HELLO TRADERS, I HAVE IDENTIFIED SOME POSSIBLE BUY SETUPS ON A COUPLE OF YEN PAIRS BASED ON TECHNICAL ANALYSIS.

JPY C.O.T REPORT

LONG NONCOMMERICAL POSITIONS: JUST A FEW LONG POSITIONS ADDED FROM LAST WEEK, CURRENTLY STANDS AT 58 770. SHORT NONCOMMERICAL POSITIONS: A NOTABLE INCREASE IN SHORT POSITIONS SINCE SEPTEMBER. THE CURRENT PRINT STANDS AT 143 413 FROM LAST WEEK'S 114 310 READING, ADDING 29 103 MORE SHORT POSITIONS.

GBPJPY DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE BROKE THROUGH THE RANGE TO THE UPSIDE AND IS CURRENTLY PULLING BACK TO SUPPORT WHICH WAS PREVIOUS RESISTANCE. IMMEDIATE SUPPORT IS AT MM2/50% FIB. MM2 BULLISH TARGET IS MM4. STOCHASTICS IS OVERSOLD.

EURJPY DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE CURRENTLY PULLING BACK TO SUPPORT IDENTIFIED AT MM2/50% FIB. MM2 TARGET FOR BULLS IS MM4. STOCHASTICS HEADING SOUTH TOWARDS OVERSOLD.

AUDJPY DAILY

MARKET IS BULLISH, 21 ABOVE THE 55. PRICE HAS PULLED BACK TO MM2 SUPPORT AFTER PRINTING A HIGHER HIGH. MM2 COINCIDES WITH 61.8 FIB. BULLISH TARGET AT MM4. STOCHASTICS OVERSOLD.

CADJPY DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE HAS PULLED BACK TO MPP SUPPORT AFTER PRINTING A HIGHER HIGH, FURTHER SUPPORT IDENTIFIED AT MM2. STOCHASTICS IS OVERSOLD. MMP BULLISH TARGET IS MR2. MM2 TARGET IS MM4.

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