USDJPY Daily Forecast Dec 15 2015

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Outlook in USDJPY remains on the downside as long as 121.34 resistance holds on a daily closing basis, support comes at the  120.33 levels, a halt is likely, but a cut would open 119.45 next, further down, support comes at the 118.80 levels.

On the upside, resistance comes at the 121.34 levels, above 121.34 faces a recovery risk towards the 122.20/123.03 levels before the next fall.

Conclusion: The USDJPY continues to face downside threats below the 121.34 levels, even in the case of a recovery…

 

USDJPY Daily Forecast Dec 15 2015

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