Stop below 110.
Targets 111, 111.4, and 112.5.
Trump/Kim meeting this week may help this pair to be bullish. Bulls may also benefit from any good news related to the US/China trade negotiations.
Long USD/JPY
Targets: 111, 111.5, 112, and 112.5
Stop loss below 110.2
Reasons:
1. China/US trade war tensions are not likely to escalate as both parties may reach a good agreement.
2. Market may no longer desire to purchase JPY.
3. JPY is still weaker due to bad Japanese economic data and the outcome is unlikely to change soon.
4. Oil price may continue...
EUR/USD has been on a downtrend. The trend may go all the way to 1.15 in the near to medium term.
This idea is for longer term traders who follow trends.
On the way down, 1.175 and 1.1715 are the next support levels to target. Resistance is around 1.185/4, 1.191, and 1.194. Stop can be placed above 1.194 to protect the position.
USD/
Short USD/JPY from 108 area, with stop around 108.5, targets are 107.3, 107, and then 105.5.
On February 14th, the US CPI data will be released and it may support the pair in the near term. It is possible for this pair to trend lower.
