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USD/JPY & EUR/JPY Daily Forecast - Sep 1, 2020

Published 09/01/2020, 04:15 AM
Updated 07/09/2023, 06:31 AM
USD/JPY
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EUR/JPY
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Analysis

USD/JPY held minor support at 105.60/65 perfectly. Watch strong resistance again at 106.00/10. Shorts need stops above 106.25. An unexpected break higher targets 106.50/60.

Below 105.50 risks a retest of very minor support at recent lows at 105.20/10. Be ready to sell a break below 105.00 targeting 104.75/70, 104.35/30 & the July low at 104.20/16.

EUR/JPY retests strong resistance at 126.65/75 but we are trying to break higher this morning to 127.30/40 & 127.80/90.

2 good support levels at 126.25/15 & 125.60/50. Try longs here with stops below 125.35.

Trends

Weekly Outlook Neutral

Daily Outlook Neutral

Short Term Outlook Neutral

Chart

JPY Chart

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