EurJpy - 4 Houly Chart
Bullish - Inverted SHS pattern targets 111.68 with an initial topside target at 110.48 which is the AB=CD and 0.382 - 2.618 Fib configuration.
Update - AB=CD completed. Support is now at 109.84 and 109.38 for the final run to complete the Inverted SHS at 111.68
AudJpy - 4 Hourly Chart
Bullish - Target zone of 88.88/89.10 bounded by the AB = CD and Fib extension 0.50//2.00.
Update - Price continues to struggle at the 161.8 Fib of the BC retrace. Expect the 88.00 area to provide good support for a final move higher into target.
GbpJpy - 4 Hourly Chart
Bullish - Similarly to EurJpy, the Inverted SHS targets 133.78. The current uptrend also is formed by three equal drives with the current third leg also completing at 133.78. A further extension may be possible to 134.11 using the Fib 0.382//2.618 reciprocal. Immediate support comes in at 131.25.
Update - Similarly to AudJpy, price is finding going a little tough at the 161.8 Fib extension of the BC leg . Expect support at the 131.80/132.10 to contain for a further move into the target zone.
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