USD/JPY And EUR/JPY Daily Forecast For July 6, 2018
Jason Sen | Jul 06, 2018 04:38AM ET
USDJPY holding key support at 110.10/00 (as I write) targets 110.40/45, 110.65/70, perhaps as far as 111.00/10. Further gains target the May high at 111.35/39 & perhaps as far as the 6 month trend line resistance at 111.70/75.
Key support at 110.10/00. Try longs with stops below 109.80. A break lower is a short term sell signal targeting 109.65/60 & 109.30/25.
EURJPY first resistance at 129.65/75 is key to direction. A break higher tests the 100 day moving average at 130.25/35. Minor support at 129.00/128.90 then better support at 128.55/45 (held Monday). Below look for 128.05/00, perhaps as far as 127.55/50.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.