USD/JPY outlook negative & a break below 109.70/60 targets 109.40/35
|USDJPY _ EURJPY Spot
USDJPY outlook negative & a break below 109.70/60 targets 109.40/35. On further losses look for 109.15/10 then 108.95/90. Gains are likely to be limited with first resistance at 110.20/25 but above here targets 110.45/50, perhaps as far as a selling opportunity at 110.80/90, with stops above 111.05.
EURJPY broke February & March lows at 124.26/124.14 to hit 500 week moving average support at 123.90 & bottom 9 pips below at 123.81. A break below 123.75 targets 123.40/35, perhaps as far as 122.95/85. On further losses look for 122.40/35. First resistance at 124.45/55 then strong resistance at 124.90/99.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.