USDJPY Daily Forecast Aug 22 2014

Outlook in USDJPY remains on the upside as long as support 103.40/102.92 holds on a daily closing  basis , to resume the upside offensive , 104.12 should be taken out on a daily basis , If seen , next resistance would be 104.80 levels where a breach will turn focus on the 105.43 levels …

On the downside ,support comes at the 103.40   levels ahead of the 102.92 levels (main) , losing the 102.92 levels on a daily closing basis will reverse risks towards the 102.50/102.13  levels before the next possible  rise..

In all , as long as support 102.92  holds on a daily closing  basis , outlook in USDJPY remains  on the upside towards the 104.12  levels ahead of the 104.80 levels , below 10.292 will reverse risks towards the 102.50/102.13  levels….

 

 

USDJPY Daily Forecast Aug 22 2014

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