USDJPY Daily Forecast Jul 04 2014

The USDJPY maintained a  bullish momentum yesterday  , bottomed at the 101.75  levels. This development leaves the pair targeting the 102.55 levels , a halt is likely , but break of the 102.55 levels would open 102.90 next , further upside will aim the 103.30 levels.

On the downside ,support comes at the 102.00 levels ahead of the 101.75 levels (main) , losing the 101.75 levels on a daily closing basis will reverse risks towards the 101.23/101.40 levels before the next rise..

In all , as long as 101.75  holds on a daily closing  basis , the USDJPY will remain based to the upside towards the 102.55/102.90  levels , below 101.75 will reverse risks towards the 101.23/101.40  levels….


USDJPY Daily Forecast Jul 04 2014