USDJPY Daily Forecast Dec 29 2015

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Outlook in USDJPY remains on the downside as long as 121.13 resistance holds on a daily closing basis, support comes at the 120.00 levels, a halt is likely, but a cut would open 119.12 next, further down, support comes at the 118.05 levels.

On the upside, resistance comes at the 118.80/121.13 levels, above 121.13 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 121.13 levels…

 

USDJPY Daily Forecast Dec 29 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS