USDJPY Daily Forecast Jan 09 2020

0
27
Dollar-Yen-659895

USDJPY Bullish Eyes Further Upside!

The USDJPY remains on the upside as long as 109.00 support holds on a daily closing basis. Resistance comes at 109.47 level. A halt is likely, it may test 109.00 before attempts to break higher. Anyway; above 109.47 aims 109.72. The next resistance comes at 110.00 levels.

On the downside, immediate support comes at 109.00 level. Below 109.00 sees a pullback threat to 108.50 where a rebound is likely. However; If 108.50 fails to hold, expect further weakness to 107.85 levels.

In conclusion: The USDJPY sees upside threats above 109.00 levels.

Support: 109.00, 108.50, 107.85, 107.45, 106.60

Resistance: 109.47, 109.72, 110.00, 110.65, 111.35

USDJPY Daily Forecast Jan 09 2020

MARKET DATA

UPCOMING ECONOMIC EVENTS