USDJPY Daily Forecast Jul 02 2014

Outlook in USDJPY has turned to the downside as long as resistance 101.72 holds on a daily closing basis , support comes at the 101.23 levels , a break would open 100.80 next , further downside will aim the 100.25 levels ahead of the 99.70 levels….

On the upside , resistance comes at the 101.72 levels , break of 101.72 on a daily closing basis , will turn outlook neutral for retesting the 102.36 levels , a break would recapture the 102.80 levels………

In all , as long as resistance 101.72 holds on a daily closing basis , outlook in USDJPY remains on the downside towards the 100.80 /100.25 levels , above the 101.72 will reverse risks towards the 102.36 /102.80 levels before the next possible fall……

 

USDJPY Daily Forecast Jul 02 2014

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