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

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds sizeable gains near 1.0900 on German fiscal optimism

EUR/USD holds sizeable gains near 1.0900 on German fiscal optimism

EUR/USD holds sizeable near 1.0900 in European trading on Tuesday. Improved risk appetite, sustained US Dollar weakness and German Greens predicting a spending deal this week power the pair's upsurge ahead of US JOLTs data and US-Ukraine Summit.

EUR/USD News
GBP/USD extends gains above 1.2900 amid sustained US Dollar weakness

GBP/USD extends gains above 1.2900 amid sustained US Dollar weakness

GBP/USD extends gains above 1.2900 in the European sessopn on Tuesday. The pair advances as the US Dollar remains pressured amid Trump's tariffs uncertainty and US recession fears. All eyes remain on the US jobs data and US-Ukraine Summitt for further impetus.  

GBP/USD News
Gold price climbs further beyond $2,900; reverses major part of Monday's fall to one-week low

Gold price climbs further beyond $2,900; reverses major part of Monday's fall to one-week low

Gold price builds on its intraday ascent beyond the $2,900 mark, hitting a fresh daily high during the first half of the European session and reversing a major the previous day's losses to a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs and persistent geopolitical risks.

Gold News
The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million

The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million

The crypto market continued its ongoing downleg as the week started, as its market cap capitalization reached a low of $2.44 trillion on Tuesday, levels not seen since early November.

Read more
Gold price climbs further beyond $2,900; reverses major part of Monday's fall to one-week low

Gold price climbs further beyond $2,900; reverses major part of Monday's fall to one-week low

Gold price builds on its intraday ascent beyond the $2,900 mark, hitting a fresh daily high during the first half of the European session and reversing a major the previous day's losses to a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs and persistent geopolitical risks.

Gold News
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025