USDJPY Daily Forecast Jan 27 2016

The USDJPY continued its bullish momentum yesterday, bottomed at the 117.65 levels and topped at the 118.61 levels. This development leaves the pair targeting the 118.87 levels where a break will turn focus on the 119.70 levels, a halt is likely, but, further upside will pave the way towards 120.63/120.97 levels…On the downside, support comes at the 118.16/117.53 levels

On the downside, support comes at the 118.16/117.53 levels, below 117.53 faces a pullback risk towards the 116.68 levels before the next rise….

Conclusion: The USDJPY continues to face upside threats above the 118.16/117.53 levels…

 

USDJPY Daily Forecast Jan 27 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS