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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 trades sideways after the confusion on the 3rd January.

EURJPY hit & held the next target of 124.90/99 then traded sideways yesterday in a narrow range, so same levels apply for today.
Today's Analysis
13 January 2019 Updated at 14:26pm GMT
USDJPY first resistance at 108.45/55 but above here targets 108.75 then 108.95/109.00. On further gains look for 109.30/40.
Minor support at 108.15/10 but below here 108.00 look for 107.60/55.

EURJPY holding 124.90/99 on the recovery but above here targets 125.35/45, perhaps as far as 125.90/95.
Failure to beat minor resistance at 124.90/99 targets 124.30/25 (holding the low for the last 3 days) & support at 123.95/90. On further losses look for a buying opportunity at 123.50/40 with stops below 123.20.
Technical Analysis USDJPY _ EURJPY