USDJPY Daily Forecast Jul 17 2014

Outlook in USDJPY remains neutral with possible risk to the downside , resistance comes at the 101.75 levels ahead of the 102.25 levels ( main ) , stability below resistance  levels will keep the pair under pressure with risk towards the 100.77 levels , below this level will open 100.14 /99.13  levels…….

On the upside , to resume the bullish move , 102.25 should be taken out on a daily basis , If seen , the pair will recapture the 102.75 /103.11 levels , a halt is likely but further upside will aim the 103.75/104.12 levels…….

In all , the USDJPY is likely to consolidate within 100.77/102.25 range before the next move………


USDJPY Daily Forecast Jul 17 2014