USD/JPY & EUR/JPY Spot Daily Forecast For Oct. 8, 2019

Published 10/08/2019, 04:10 AM
Updated 07/09/2023, 06:31 AM
USDJPY & EURJPY Spot Chart

USD/JPY holding minor support at 106.95/107.05 allows a recovery to towards a selling opportunity at 107.55/65 with stops above 107.80. A break higher targets 108.10/20 with resistance at 108.35/45.

Back below 106.90 targets 106.65/60 with minor support at 106.50/45 but below here targets better support at 106.00/105.90.

EUR/JPY outlook positive as long as we hold strong support at 117.50/40 targeting 17.75, 118.20/25 & perhaps as far as resistance at 118.40/50 for profit taking.

Try longs at 117.50/40 with stops below 117.25. A break lower targets 117.05 then 116.60/50. Below 116.35 risks a retest of the 115.95/85 low.

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