USDJPY Daily Forecast Aug 26 2014

Outlook in USDJPY remains on the upside as long as support 103.75 holds on a daily closing basis , resistance comes at the 104.12 levels , a break would open 104.83 next , further upside will aim the 105.43 levels…

On the downside , sustained trading – daily closing below the 103.75 levels will turn outlook neutral for retesting the 102.92/102.51 levels before the next possible rise..

In all , as long as support 103.75 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 104.12 /104.83 levels and possible higher towards the 105.43 levels , a clear break below the 103.75 will turn outlook neutral toward the 102.92/102.51 levels before the next rise…..

 

USDJPY Daily Forecast Aug 26 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS