Daily analysis by DayTradeIdeas - 30/03/2023| FXMAG.COM

CADJPY made a low for the day at support at 9575/55 & shot higher to my targets as far as 9740, reaching 9800. Resistance at 9810/30. Shorts need stops above 9850. A break higher is a buy signal targeting 9900 & 9930/40.

Shorts at 9810/30 can target 9760/55 & 9710/00.

Daily analysis by DayTradeIdeas - 30/03/2023 - 1

AUDJPY made a low for the day just 5 pips above support at 8770/50 & headed higher as expected to targets of8810 & 8860/70. A high for the day only 13 pips above.

First support at 8830/10 could hold the downside this morning at least. However the best support is at 8780/60. Longs need stops below 8740.

Daily analysis by DayTradeIdeas - 30/03/2023 - 2

USDJPY beat strong resistance at 131.50/70 for a buy signal targeting 132.30/35 & 132.75/85.

A high for the day exactly at this target. The pair are overbought short term & hitting resistance so could turn lower today. However I think shorts are risky. I prefer to wait for a dip to 131.80/60 for a buying opportunity with stop below 131.30.

If you do try a short, stop above 133.20. A break higher targets 133.60/70 & 134.00/10.

Daily analysis by DayTradeIdeas - 30/03/2023 - 3

NZDJPY shorts at strong resistance at 8140/60 stopped on the break above 8180. We have reached 8225 & can target 8280/90 now. (A high for the day only 3 pips below).

Support at 8180/60. Longs need stops below 8130.

Daily analysis by DayTradeIdeas - 30/03/2023 - 4

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk