USDJPY Daily Forecast Jul 22 2020

Dollar Yen 659685451236

USDJPY: Bearish Despite Recovery Attempts…

The USDJPY remains on the downside as long as 107.45 resistance holds on a daily closing basis. Support comes at 106.63 levels. It may hesitate around here, but cut-through support aims the 106.20 level, further down, support stands at 105.68 level ahead of 105.10 level.

On the upside, resistance comes in the 107.45 levels. Above 107.45 sees recovery threats to 107.85 levels, further upside, resistance comes in the 108.40 levels.

In conclusion: The USDJPY sees downside threats below 107.45 levels…

Support: 106.63, 106.20, 105.68, 105.10

Resistance: 107.45, 107.85, 108.40, 109.10

USDJPY Daily Forecast Jul 22 2020

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