USDJPY Daily Forecast Dec 03 2014

Outlook in USDJPY remains on the upside as long as support 118.95 holds on a 4 hour closing basis, resistance comes at the 119.40 levels , a halt is likely , but a break would open the psycho level 120.00 next , further upside will aim the 120.70 levels ahead of the 121.15 levels.

On the downside , support comes at the 118.95 levels , losing this level will turn outlook neutral for 118.37/117.85 levels before the next possible rise , however , however , a cut will open main support at the 117.22 levels before the next possible rise..

In all , as long as support 118.95 holds on a 4 hour closing basis , outlook in USDJPY remains on the upside towards the 119.40 levels ahead of the 120.00 levels , below 118.95 will bring corrective pullback towards the 118.37/117.85 levels before the next rise..

In the medium/long term forecast , as long as support 117.22 holds on a weekly closing basis , outlook in USDJPY remains on the upside towards the 118.97 levels ahead of the 120.00/121.50 levels , below 117.22 will turn outlook towards the 115.44 levels before the next possible rise.

 

USDJPY Daily Forecast Dec 03 _2014_1

USDJPY Daily Forecast Dec 03 2014

USDJPY Weekly Forecast _Dec 01 2014

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