USDJPY Daily Forecast Feb 19 2020

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USDJPY: Bullish, Builds On Long Term Uptrend…

As long as 110.25 support holds on a daily closing basis. The USDJPY remains on the upside to 110.80 level. A break would open 111.35 next, further upside, resistance comes in the 111.80 level ahead of the 112.35 level.

On the downside, support comes at 110.25 levels, below 110.25 sees a pullback threat to 109.83/109.53 before another rise…

In conclusion: The USDJPY sees upside threats above 110.25 levels…

Support: 110.25, 109.83, 109.53, 108.65, 108.27

Resistance: 110.80, 111.35, 111.80, 112.35, 112.90

USDJPY Daily Forecast Feb 19 2020Key data/events which may affect USDJPY today:
  • FOMC Meeting Minutes at 19:00 GMT.

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