USDJPY Daily Forecast Apr 29 2014

The USDJPY continued its  bullish momentum yesterday , printed support at the 102.04 levels . This development leaves the pair targeting the 103.00 levels where a breach will turn focus on the 103.40 levels , further upside will aim the 104.00 levels.

On the downside , main support comes at the 102.04 levels , losing this level on a daily closing basis will turn outlook neutral for retesting 101.50 /101.30 levels before the next possible rise.

In all , as long as support 102.04 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 103.00/103.40 levels , below 102.04 will reverse risks towards the 101.50/101.30 levels.

 


USDJPY Daily Forecast Apr 29 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS