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USD/JPY And EUR/JPY Daily Forecast - 29 August 2018

Published 08/29/2018, 02:37 AM
Updated 07/09/2023, 06:31 AM
USD/JPY
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EUR/JPY
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USDJPY & EURJPY

USDJPY held quite good support at 110.85/80. Below here however risks a slide to 110.40.

Holding above 111.00/10 as I write re-targets 111.25 & 111.44/48. A break higher targets 111.65 & 111.85/89, perhaps as far as the August high at 112.10/14.

EURJPY through 129.55/65 to target 129.90/99 (now hit) & 130.40/50.

We are very overbought & if we hit profit taking look for minor support at 129.80/75 & 129.50/45. We then meet a buying opportunity at 129.00/90, with stops below 128.60.

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