USD/JPY, EUR/JPY Daily Forecast: December 14, 2018
Jason Sen | Dec 14, 2018 07:10AM ET
USD/JPY holding above 113.15/05 is more positive as we trade in a triangle for 3 months. The upper trend line resistance is at 113.85/95. Try shorts with stops above 114.20.
Very minor support at 113.50, better support at 113.35/25 could see a low for the day. Stop below 113.05. A break lower targets 11280. then a buying opportunity at 112.65/55.
EUR/JPY above 129.25 targets strong resistance at 129.60/70. A weekly close above here is a buy signal with a test of the November high at 130.12/15 to follow.
Holding below 129.25 targets 128.90/85 then support at 128.65/55. Longs need stops below 128.40.
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