EURUSD & USDJPY Forex Outlook

The Euro has been in a downtrend for the past year. We have been expecting a pullback up to $1.07 over the Christmas season and we finally got it and a little bit more.

On USDJPY this week, price is retesting recent lows and I’m looking for price to stay above $110. If for some reason price breaks $110 then I’m going to be looking at the weekly demand zones.

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