USD/JPY holding minor support at 106.95/107.05 allows a recovery to towards a selling opportunity at 107.55/65 with stops above 107.80. A break higher targets 108.10/20 with resistance at 108.35/45.
Back below 106.90 targets 106.65/60 with minor support at 106.50/45 but below here targets better support at 106.00/105.90.
EUR/JPY outlook positive as long as we hold strong support at 117.50/40 targeting 17.75, 118.20/25 & perhaps as far as resistance at 118.40/50 for profit taking.
Try longs at 117.50/40 with stops below 117.25. A break lower targets 117.05 then 116.60/50. Below 116.35 risks a retest of the 115.95/85 low.
USD/JPY & EUR/JPY Spot Daily Forecast For Oct. 8, 2019
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