USDJPY Daily Forecast Jun 12 2017

USDJPY, Bearish Despite Recovery Attempts!

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USDJPY, Bearish Despite Recovery Attempts!

Outlook in USDJPY remains on the downside as long as 110.32 resistance holds on a daily closing basis, support comes at the 109.22 levels, a halt is likely and a reversal may occur, however; below that levels sees a fall risk to the 107.76 levels, further down, support comes at the 106.32 levels…

On the upside, resistance comes at the 110.32 levels, a break will turn outlook neutral for retesting the 111.70 levels before the next falling…

Conclusion: The USDJPY continues to face downside threats below the 110.32 levels, above that level, sees recovery threats to the 111.70 before the next falling…

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