USDJPY Daily Forecast Dec 05 2018

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Dollar - Yen -final 65968545

USDJPY: Bearish But Hesitates Below 113.40 levels…

As long as 113.40 resistance holds on a daily closing basis, the USDJPY remains on the downside to 112.73 level. A cut through support will accelerate the expected bearish move to 112.15 level. A halt is likely, it may test 112.73 before attempts breaking below 112.15. Anyway; below 112.15 opens 111.65 level, further down, support comes at 111.10 level.

On the upside, resistance comes at 113.40 level, a break will bring limited gains to 113.83/114.20 level, next resistance comes around 114.55/114.75 levels.

Conclusion: The USDJPY sees downside threats below 113.40 level with risk to 112.15 level. Above 113.40 sees recovery threats to 113.83/114.20 levels.

Support: 112.73, 112.15, 111.65, 111.11, 110.70

Resistance: 113.40, 113.83, 114.20, 114.55, 114.75

USDJPY Daily Forecast Dec 05 2018

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