USD/JPY And EUR/JPY Daily Forecast - 28 August 2018

USDJPY & EURJPY

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

Holding 111.00/10 above 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 & 130.40/50. Failure to hold above 129.25/30 (is unlikely) but re-targets 129.10/00 & 128.55/45. Look for good support at 128.10/00 for profit taking on any remaining shorts.

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