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.
By Jason Sen
Source: Investing.com
Jul 07, 2019 05:37AM ET