USDJPY Daily Forecast Feb 15 2017

USDJPY, Bullish Eyes The 115.50 Levels...

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USDJPY, Bullish Eyes The 115.50 Levels…

The USDJPY maintained a bullish momentum yesterday, topped at the 114.49 levels and bottomed at the 113.24 levels.

This development leaves the pair targeting the 115.50 levels, a halt is likely and a reversal may occur, however; a breakthrough the 115.50 levels would open 116.33, further upside, resistance stands at the 117.42 levels…

On the downside, a failure to take out the 114.49 levels could mean a return to the key support 113.24 before the next rising, anyway; below 113.24 sees a fall risk to the 111.35 levels…

Conclusion: The USDJPY continues to face upside threats above the 113.24 levels…

Note: A failure to hold above the 114.49 levels on a daily closing basis will bring consolidation above 113.24 levels…

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