USDJPY Daily Forecast Dec 23 2014

Japan652 min
Japan652 min

Outlook in USDJPY remains on the upside as long as 118.89 support holds on a daily closing basis , resistance comes at the 120.20 levels , break of the 120.20 levels on a daily closing basis will open main resistance at the 121.83 levels , a break would open 123.00 next , further upside will aim the 124.00 levels.

On the downside , support comes at the 118.89 levels , losing this level on a daily closing basis will turn outlook neutral and bring corrective pullback above the 115.55 levels before the next rise..

In all , as long as 118.89 support holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 120.20/121.83 levels , below 118.89 will bring pullback above the 115.55 levels before the next rise..

USDJPY Daily Forecast Dec 23 2014

 

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