USDJPY Daily Forecast Jan 16 2015

Japan652 min
Japan652 min

Outlook in USDJPY remains on the downside as long as 117.30/118.04 resistance holds on a daily closing basis , support comes at the 116.35 levels , a halt is likely but a cut would open 115.35 next , further down will target the 114.50 levels.

On the upside , resistance comes at the 117.30/118.04 levels , break of the 118.04 levels on a daily closing basis will turn outlook neutral and open the 119.63 levels before the next possible fall…

In all , as long as 117.30/118.04 resistance holds on a daily closing basis , outlook in USDJPY remains on the downside towards the 116.35 levels ahead of the 115.35 levels , above the 118.04 levels will turn outlook neutral towards the 119.63 levels before the next possible fall..

USDJPY Daily Forecast Jan 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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