USDJPY Daily Forecast Jan 20 2020

Dollar Yen 6598655 rex

USDJPY: Outlook Remains Higher Despite Hesitation…

As long as 110.00 support holds on a daily closing basis. The USDJPY remains on the upside to 110.75 levels. A halt is likely. It may test 110.00 levels before attempts to move higher. Anyway; above 110.75 aims the 111.50 levels, further upside, resistance comes in the 112.05 levels.

Above 109.57 the pair is bullish. Below 109.57 light bullish. Below 109.00 sees pullback threats. Above 110.00 the pair is very bullish.

On the downside, immediate support comes around 110.00 levels. Below that level will bring a limited pullback above 109.57/109.00 levels where another rise is very likely.

In conclusion: The USDJPY sees upside threats above 109.57/110.00 levels.

Support: 110.00, 109.57, 109.00, 108.50, 107.85

Resistance: 110.75, 111.50, 112.05, 112.70, 113.50

USDJPY Daily Forecast Jan 20 2020