USDJPY Daily Forecast Dec 17 2014

Japan652 min
Japan652 min

Outlook in USDJPY remains on the downside as long as 117.70 resistance holds on a daily closing basis ,  support comes at the 115.00 levels , losing this level on a daily closing basis will open 113.50 next , further down will aim the 112.47 levels.

On the upside , resistance comes at the 117.70 levels , break of the 117.70 levels will restore the upside momentum and open 119.90/121.83 levels .

In all , as long as 117.70 resistance holds on a daily closing basis , outlook in USDJPY remains on the downside towards the 115.00 levels ahead of the 113.50 levels , above 117.70 will reverse risk towards the 119.90/121.83 levels.

Intraday : resistance comes at the 117.75 levels , stability below this level will keep the pair under pressure , break of the 117.75 on a 4 hour closing basis will reverse risk towards the 120.00 levels.

 

USDJPY Daily Forecast Dec 17 2014

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