USDJPY Daily Forecast Jan 28 2016

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Outlook in USDJPY remains on the upside as long as 118.16/117.53 support holds on a daily closing basis, resistance comes at 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 28 2016

MARKET DATA

UPCOMING ECONOMIC EVENTS