USDJPY Daily Forecast Feb 18 2016

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As long as 113.16/112.39 support holds on a daily closing basis, the USDJPY remains in a recovery mode and further upside couldn’t be ruled out towards the 115.96 levels before the next fall, above the 115.96 levels will extend recovery towards the 118.23 levels….

On the downside, a clear break below the 112.39 levels will restore the downside momentum and turn the focus on the 110.08 levels ahead of the 108.26 levels…

Conclusion: The USDJPY continues to face recovery threats above the 112.39/113.16 levels…

USDJPY Daily Forecast Feb 18 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS