USDJPY Daily Forecast Jan 27 2015

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Outlook in USDJPY remains neutral with risk to the upside , as long as 117.55/115.84 support holds on a daily closing basis , resistance comes at the 119.87 levels , a halt is likely but a break would open 120.80 next , further upside will target the 121.83 levels.

On the downside , support comes at the 117.55 levels , a halt is likely but losing the 117.55 levels on a daily closing basis would open 115.85 levels , If this level fails to hold , further down towards the 115.00/114.00 levels will be in sight …

In all , as long as 117.55/115.84 support holds on a daily closing basis , outlook in USDJPY remains neutral and further upside couldn’t be ruled out towards the 119.87/120.80 levels , below 115.85 will resume fall from 121.83 levels and open 115.00/114.00 levels..

USDJPY Daily Forecast Jan 27 2015

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