USDJPY Daily Forecast Aug 21 2020

Dollar Yen 659685451236

USDJPY: Bearish Despite Recovery Attempts…

As long as 106.15 resistance holds on a daily closing basis. The USDJPY remains neutral with risk to the downside. Support comes at 105.28 levels. Below 105.28 aims the 104.80 levels. A halt is likely, it may bottom around here. Anyway; below 104.80 sees further weakness to 104.20 level. The next support comes in the 103.50 levels.

On the upside, immediate resistance comes in the 106.15 levels. Above 106.15 sees recovery threats to 106.83 levels, further upside, resistance comes at the 107.45 levels.

In conclsuion: The USDJPY sees downside threats below 106.15 levels…

Support: 105.28, 104.80, 104.20, 103.50, 103.00

Resistance: 106.15, 106.83, 107.45, 108.22, 108.75

USDJPY Daily Forecast Aug 21 2020

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