USDJPY Daily Forecast Feb 20 2020

Dollar-Yen_ar6598

USDJPY: Sets To Extend Further Upside…

As long as 111.58 support holds on a daily closing basis. The USDJPY remains on the upside to 112.17 level ahead of 112.50 level. A halt is likely, it may test 112.17 before attempts to break above 112.50. Anyway; above 112.50 resistance comes in the 113.16 level ahead of the 113.62 level.

On the downside, support comes at 111.58 levels, below 111.58 sees a pullback threat to 110.70/110.30 before another rise…

In conclusion: The USDJPY sees upside threats above 111.58 levels…

Support: 111.58, 110.70, 110.30, 109.83, 109.52

Resistance: 112.17, 112.50, 113.16, 113.62, 114.20

USDJPY Daily Forecast Feb 20 2020

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