USDJPY Daily Forecast Apr 01 2015

Japan652 min
Japan652 min

Outlook in USDJPY has turned neutral at the moment , a short term support has been printed at the 118.32 levels , resistance comes at the 120.16 levels , a break is needed to resume the upside offensive , If seen , focus will be on the 120.65 levels ahead of  the 122.00 levels.

On the downside , support comes at the 119.58 levels , stability above this level will keep the bullish momentum intact , however ; losing the 119.58 level on a daily closing basis should weaken the last rise and open the 118.32 levels..

In all , as long as 119.58 resistance holds on a daily closing basis , short term outlook in USDJPY remains on the upside towards the 120.16 levels ahead of the 120.65/122.00 levels , below 119.58  will open 118.32 once again…

 

USDJPY Daily Forecast Apr 01 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS