USD/JPY & EUR/JPY Daily Forecast For October 5, 2018

Published 10/05/2018, 02:07 AM
Updated 07/09/2023, 06:31 AM

USDJPY & EURJPY

USD/JPY holding below 113.95/114.05 is negative for today & risks forming a short term head & shoulders top. First support at 113.65/55 but below here 113.50 is a minor sell signal targeting 113.30, 113.15/10 & a buying opportunity at 113.00/112.95.

Above 114.20 retests the high & strong resistance at 114.40/50. A break above 114.80 however targets 115.50/60.

EUR/JPY looks like it is holding below 131.20/10 for a more negative outlook & a break below below 130.70 targets 130.10/129.90.

Above 131.20/10 only takes us to a selling opportunity at 131.55/65, with stops above 131.60 131.95. Above 132.00 re-targets minor resistance at 132.40/50. Above 132.60 takes the pair towards 133.05/15. On a break higher look for minor resistance at 133.45/50.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.