CAD/JPY ââ,¬â€œ The CADJPY made a double top (about 10 pips lower) at the upper Bollinger band (daily) on 9/28 at 106.26.  A trendline drawn through 100.96 and 103.64 is support.  The line is at 104.33 today and increases about 10 pips per day.  A break below there instills confidence in the downside.  Daily oscillators are declining and mostly bearish but RSI and CCI remain above their respective midpoints of 50 and 0.  Resistance is the 106.26/35 zone.   

CHF/JPY ââ,¬â€œ The choppy CHFJPY rally stalled at the 61.8% of 95.65-93.04 at 94.65.  Daily studies are mixed as 22 day momentum is negative but RSI is increasing above 50.  The pair has been in a 93.04-94.84 range for the last month.  Upside risk is limited with the proximity of the upper end of the range so close ââ,¬â€œ if range trading continues.  A breakout higher exposes the 8/31 high at 95.65.  A short term supporting trendline beginning at the 93.04 low is just below the 94.00 figure.  A break below there targets 93.04.

NZD/JPY ââ,¬â€œ NZDJPY is currently testing the high side of a short term contracting triangle.  A break higher could test the 61.8% fibo of 87.05-67.76 at 79.65.  Triangles often lead to terminal moves, meaning that a break higher would result in a reversal to the downside.  It takes a break below the 9/25 low at 76.93 to suggest that the pair has already reversed lower.

Jamie Saettele is a Technical Currency Analyst for FXCM.