USDX
The USD index paused its rally exactly at 200 weekly EMA 81 levels. The price sliced the 50 week SMA and close below it, thus giving an inital bearish sign. The index opened today in a bullish note with support 80.41 levels as for the Asian session. It looks weak below the 80.41 and is likely to correct up to 80.24, 80.17, 79.88 and 79.78 levels. On the upside, the index looks strong above 80.68 (50 weekly SMA) and 81 (200weekly EMA). It can fly up to 81.30 above the 81 level. The index can give an upside breakout above the purple trend line aiming for 82 and 84.50 levels. In the long run, 90 is possible.
USD/JPY
The pair has been in an uptrend from 100.83, having exactly taken the support from the weekly 50 SMA and moving to the descending upper trendline. The pair can give an upside break out only above 103 levels, aiming for 107.68 levels. On the downside, it has supports at 102, 101.45 and 100.75 levels.
The pair looks weak below 102.34. It can extend its fall up to 102.20, 102.10 and 101.65 levels. On the upside, the pair would face resistance between 102.76-102.80 levels. Bull's strength would regain above 102.80 aiming for 103.02, 103.11, 103.20 and 103.60 levels. A day close is seen below 102.10. The weakness would double aiming for the downside targets 101.75 and 101 levels.
For intraday, the pair looks weak below 102.40 (21 hours EMA) levels. It is likely to fall up to 102.20, 102.10 and 102 levels below the 21 hour EMA. The panic mode would occur below 102 and continue up to 101.75 and 101.40 levels.
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