USD/JPY And EUR/JPY Daily Forecast - December 17, 2018
Jason Sen | Dec 17, 2018 07:49AM ET
USD/JPY trades in a triangle for 3 months. The upper trend line resistance is at 113.85/95. Try shorts with stops above 114.20.
First support at 113.35/25 held perfectly, but below 113.10 is a short term sell signal targeting 112.80 then a buying opportunity at 112.60/50. Stop below 112.30. A break below here is another sell signal targeting 111.90/80, 111.60, 111.35/25.
EUR/JPY first resistance at 128.55/65. Above 128.80 targets 129.15/20 before strong resistance at 129.60/70. Above here tests the November high at 130.12/15.
First support at 127.85/75. Longs need stops below 127.60. A break lower is a sell signal targeting 127.25/20 & 126.70/60.
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