USDJPY Daily Forecast Jan 10 2020

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Dollar-Yen9865775

USDJPY: Bullish Risk Shifts To 110.00 Levels…

The USDJPY maintained a bullish momentum yesterday. bottomed at 109.00levels and topped at 109.57 levels. Now the focus will turn to 109.57 levels. The USDJPY will have to break and hold above the 109.57 on a daily closing basis to push the market for further upside gains. If seen it will target the 110.10 levels. A halt is likely, it may top here. However; Above 110.10 aims the 110.75 levels, further upside, resistance comes at 111.50 levels.

Alternatively, a failure to break and hold above the 109.57 on a daily closing basis could mean a return to 109.00 levels. It should rebound from here. Anyway; below 109.00 sees corrective pullback threats to 108.50/107.85 levels…

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

Support: 109.00, 108.50, 107.85, 107.45

Resistance: 109.57, 110.10, 110.75, 111.50

Key data/events which may affect USDJPY today:
  • U.S Nonfarm Payrolls (Dec) at 13:30 GMT.
  • U.S Unemployment Rate (Dec) at 13:30 GMT.

USDJPY Daily Forecast Jan 10 2020

MARKET DATA

UPCOMING ECONOMIC EVENTS