USDJPY Daily Forecast Dec 21 2018

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Dollar - Yen -final 65968545

USDJPY: Bearish, Eyes Further Downside Momentum…

As long as 111.35 resistance holds on a daily closing basis, the USDJPY remains on the downside. Support comes at 110.75. A halt is likely, it may test 111.35 before attempts to break lower. Anyway; below 110.75 aims 110.35, further down, support comes at 109.75 level.

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On the upside, above 111.35 sees recovery threats to 111.85, further upside, will extend the corrective recovery to 112.29 before another decline…

Conclusion: The USDJPY sees downside threats below 111.35 levels…

Support: 110.75, 110.35, 109.75, 109.30

Resistance: 111.35, 111.85, 112.29, 112.85