USDJPY Daily Forecast Apr 10 2017

USDJPY: Recovering With Caution!

blank

USDJPY: Recovering With Caution!

As long as 110.15 support holds on a daily closing basis, the USDJPY remains in recovery mode and further upside could be seen, immediate resistance comes at the 111.47 levels, a break will turn the focus on the 112.55 levels, further upside, resistance stands at the 113.55 levels.

On the downside, support comes at the 111.00/110.60 levels ahead of 110.15(main),  a clear break below that level will restore the downside momentum and open the 108.77 levels ahead of the 107.90  levels…

Conclusion: The USDJPY continues to face recovery threats above 110.15 levels…

blank

MARKET DATA

UPCOMING ECONOMIC EVENTS