EUR/JPY Holding Below 122.10/20 Keeps Outlook Negative

Published 07/07/2019, 05:37 AM
Updated 07/09/2023, 06:31 AM

USD/JPY And EUR/JPY Spot Daily Forecast - July 8, 2019

USDJPY EURJPY Spot Chart

USD/JPY beat 108.46/50 to top 2 pips from the next target of 108.65/70. Try shorts at 108.90/99 in the sideways trend with stops above 109.05. A break higher is a buy signal targeting 109.40 and 109.55/60 for profit taking.

First support at 108.10/00. Longs need stops below 107.85.

EUR/JPY holding below first resistance at 122.10/20 keeps the outlook negative re-targeting 121.70/60 and 121.45/35. On further losses look for 121.05/120.95.

Try shorts at 122.10/20 with stops above 122.35. An unexpected break higher targets 122.50/55 and 122.75/85.

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