USDJPY Daily Forecast Feb 09 2015

Japan652 min
Japan652 min

Outlook in USDJPY remains on the upside as long as 118.30/117.13 support holds on a daily closing basis , resistance comes at the 119.21 levels , above the 119.21 levels will open the 119.85 levels , a halt is likely but a break would open 120.70 next , further upside will target the 121.55 levels..

On the downside , support comes at the 118.30 levels ahead of the 117.13 levels (main) , losing the last one on a daily closing basis will reverse risk to the downside towards the 115.84 levels before the next move…

In all , as long as 117.13/118.30 support holds on a daily closing basis , outlook in USDJPY remains on the upside towards the ¬†119.85 levels ahead of the 120.70 levels. Losing the 117.13¬†will reverse risk to the downside towards the 115.84 levels before the next move…

 

USDJPY Daily Forecast Feb 09 2015

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