USD/JPY - EUR/JPY Daily Forecast - March 20, 2019
USD/JPY bottomed exactly at first support at 111.20/10 but a break below 111.00 targets 110.80/75 then 110.50. We topped 3 pips from minor resistance at 111.50/55 on the bounce but above here targets 111.80/85 before strong resistance at the high at 112.10/20. Try shorts with stops above 112.40.
EUR/JPY just topped 6 pips above resistance at the 100-day moving average at 126.55 with 4-month trend line resistance dipping to 126.80/85 this week. A break higher tests important 200 week moving average resistance at 127.13/18. A lot for bulls to tackle.
First support at 126.15/05 held perfectly but below 125.90 targets 125.70/60 then 125.30/20.