USDJPY Daily Forecast Dec 20 2018

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Dollar - Yen -final 65968545

USDJPY: Bearish Bias Below 112.85 levels…

As long as 112.85 resistance holds on a daily closing basis, the USDJPY remains on the downside. Support comes at 112.29 where a cut will aim 111.75 next. A halt is likely, it may test 112.29 before attempts to break below 111.75. however; below 111.75 aims 111.33, further down, support comes at 110.75 level.

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On the upside, immediate resistance comes at 112.29 (broken support turned resistance). Above that level aims 112.85(main). Above 112.85 sees recovery threats to 113.70…

Conclusion: The USDJPY sees downside threats below 112.29/112.85 levels…

Support: 111.75, 111.33, 110.75, 110.35

Resistance: 112.29, 112.85, 113.25, 113.70

USDJPY Daily Forecast Dec 20 2018

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