USDJPY Daily Forecast Apr 08 2016

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Outlook in USDJPY remains on the downside as long as 109.33 resistance holds on a daily closing basis, support comes at the 108.26 levels, a halt is likely and a reversal may occur, however; a clear below 108.26 will open 107.15 next, further down, support comes at the 106.32 levels…

On the upside, immediate resistance comes at the 109.33 levels, above 109.33 faces limited gains towards the 109.95/110.66 levels before the next fall…

Conclusion: The USDJPY continues to face downside threats below the 109.33 levels even in the case of a recovery…

USDJPY Daily Forecast Apr 0 82016

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