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USDJPY & EURJPY Technical Analysis

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Daily technical analysis based trade tips and ideas for forex USDJPY & EURJPY. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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USDJPY breaking higher.

EURJPY beats the 100 day moving average at 130.25/35 to target 130.80/90.
Today's Analysis
10 July 2018 Updated at 00:51am GMT
USDJPY back above 110.65/70 in the sideways trend to target 111.00/10 before the May high at 111.35/39 & selling opportunity at the 6 month trend line resistance at 111.50/60. Try shorts with stops above 111.90.
First support at 110.40/45 is quite strong & has worked well but expect stronger support at 110.10/00. Try longs with stops below 109.80. A break lower is a short term sell signal targeting 109.65/60 & 109.30/25.

EURJPY outlook positive as we beat the 100 day moving average at 130.25/35 to target 130.80 & minor resistance at 130.90/131.00.
Good support at 130.35/25 now but below 130.10 risks a slide to 129.65/55.
Technical Analysis USDJPY & EURJPY
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