USDJPY holding below 108.70/80 is a sell signal.
EURJPY up for a day or 2 then down for a day or 2 in a sideways trend.
Today’s Analysis 11 Dec, 2019
USDJPY try shorts at 108.70/80 with stops above 109.00. A break higher targets 109.30/35 & 109.55/60. Try shorts at 109.65/80 with stops above 109.99.
Shorts at 108.70/80 target minor support at 108.45/35. A break below 108.30 is the next sell signal targeting 108.05/00 to start profit taking from here down to strong support at 107.80/70. Try longs with stops below 107.55.
EURJPY bounce back to the target of minor resistance at 120.50/60 & perhaps as far as strong resistance at 120.90/121.00. On further gains look for 121.35 & strong resistance at 121.30/40.
Minor support at 120.25/15 but below here targets 119.80 & 119.70/65 before a buying opportunity at 119.30/20, with stops below 119.05.
Weekly outlook is neutral
Daily outlook is neutral
Short Term outlook is positive