Japanese Yen Technical Analysis: Range Top Looks Tough For Bulls

The Japanese Yen remains mired against the US Dollar on its daily technical chart, but USD/JPY bulls have yet to challenge seriously the top of that pair’s established trading range. That top comes in at 111.83, a point which has drained bullish enthusiasm on a daily closing basis since July 20.

EURUSD Requires Patience, and Lots of It

The EURUSD is proving once again that the range between 1.1530 and 1.1630 still matters. I mentioned both levels a couple of times last week and again on Sunday where I wrote that an early retest of 1.1530 this week seemed likely.

Monday’s session did just that. Sellers challenged 1.1530 but were…