USDJPY Daily Forecast Apr 14 2015

Japan652 min
Japan652 min

Outlook in USDJPY remains on the upside upside as long as 119.35 support holds on a daily closing basis , resistance comes at the 120.90 levels , a halt is likely but a break would open 121.50 next , further upside will target the 122.15/122.65 levels .

On the downside , support comes at the 120.05 levels ahead of the 119.35 (main), a cut will reverse risk to the downside and open the 118.70/118.30 levels ahead of the 117.00 levels..

In all , as long as 119.35 support holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 120.90 levels ahead of the 121.50 levels , below 119.35 will reverse risk towards the 118.30 levels ahead of the 117.00 levels before the next possible rise..

Note : Losing the key support 120.04 on a daily closing basis , will turn outlook neutral and open main support 119.35 , but in return , sustained breakout above the 12.04 levels will have large bullish implication and bring a higher leg above the 120.85 levels…

USDJPY Daily Forecast Apr 14 2015

 

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