USDJPY Daily Forecast Dec 08 2015

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Outlook in USDJPY remains neutral at the moment, support comes at the 122.20 levels while resistance comes at the 123.78 levels…

On the upside, a break above the 123.78 levels will restore the upside momentum and open the 124.50 levels, a halt is likely, but a break would open 125.25 next, further upside, resistance comes at the 125.85 levels.

On the downside, support comes at the 122.20 levels, a cut through the 122.20 levels will open 121.50 next, a halt is ┬álikely, further down, support comes at the 119.90 levels…

Conclusion: The USDJPY continues to consolidate within 122.20/123.78 levels with risk to break higher…

 

USDJPY Daily Forecast Dec 08 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS