USD/JPY, EUR/JPY Forecast: Nov 24, 2;020

USD/JPY key resistance at 104.65/75. Shorts need stops above 104.90. A break higher is a buy signal targeting 105.30/40 & strong resistance at 105.60/70 for profit taking.

Shorts at key resistance at 104.65/75 target 104.40/30, perhaps as far as 104.15/05.

Below 104.00 risks a slide to 103.75/65.

EUR/JPY hits a selling opportunity at 123.70/80 with stops above 123.90. A break higher targets 124.25/30.

Best support at 123.40/30. Longs need stops below 123.10.

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

JPY Chart

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments