USDJPY Daily Forecast Apr 09 2014

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The USDJPY  maintained a bearish momentum yesterday , topped at the 103.11  levels and bottomed at the 101.54 levels . This development leaves the pair  targeting the 100.77  levels , a halt is likely , but losing the 100.77  levels on a daily basis would open 100.00  next , further downside will aim the 99.09 levels.

On the upside  , resistance comes at the  102.65  levels ahead of 103.11( main) , stability below this level will keep the pair under pressure , but break of the 103.11  levels on a daily basis will recapture the 104.12  levels , further upside will aim the 104.91  levels.

In all , as long as resistance 103.11  holds on a daily basis , the  USDJPY  will remain based to the downside towards the 100.77 levels , above  103.11  levels  will reverse risks towards the 104.12  levels….

 

USDJPY Daily Forecast Apr 09 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS