USD/JPY - EUR/JPY Daily Forecast - March 18, 2019
USD/JPY holding first support at 111.45/40 re-targets 111.80/85 before resistance at the high at 112.10/20. Try shorts with stops above 112.40.
We held first support at 111.40/45 then a minor 1-month trend line support at 111.10/00. A break below 110.75 is an important sell signal initially targeting 110.35/30 with further losses expected.
EUR/JPY resistance at the 100-day moving average at 126.55 is key to direction. A break higher tests 4-month trend line resistance at 126.95/99 plus important 200-week moving average resistance at 1127.20. A lot for bulls to tackle.
First support at 126.00/125.90 then minor support at 125.45/40 then 125.00/95.