|

USD/JPY holding important resistance at 109.65/80

USD/JPY and EURJ/PY Daily Forecast

USD/JPY holding important resistance at 109.65/80. Outlook negative in the medium term as long as we hold below here. We retested minor support at 109.30/25.

EUR/JPY breaks & holds below 122.10/00 to test to minor support at 121.60/50 & hold above strong support at 121.35/30

Daily Analysis

USD/JPY shorts at 109.65/80 target minor support at 109.25/20. If this levels fails we test strong support at 109.00/108.90 for some profit taking but longs are risky. A break below 108.75 is the next sell signal.

Shorts at important resistance at 109.65/80 need stops above 109.99. Bulls require a sustained break above 110.00 for an important medium term buy signal, initially targeting 110.25/30.

EUR/JPY holding below minor resistance at 122.10/00 risks a slide to minor support at 121.60/50 with strong support at 121.25/15. Longs need stops below 120.90. A break lower is a sell signal targeting 120.60/55 then 120.30/20 with a buying opportunity at 120.10/00.

Bulls require a break above 122.10 to target 122.35/45 before a retest of the recovery high at 122.55/65. A break above 122.70 targets 123.00/10.

Trends

Weekly outlook is neutral

Daily outlook is neutral

Short Term outlook is positive

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

More from Jason Sen
Share:

Editor's Picks

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.

Crypto Today: Bitcoin, Ethereum, XRP risk further decline as market fear persists amid slowing demand

Bitcoin holds $90,000 but stays below the 50-day EMA as institutional demand wanes. Ethereum steadies above $3,000 but remains structurally weak due to ETF outflows. XRP ETFs resume inflows, but the price struggles to gain ground above key support.

Week ahead – US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify.

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.