USDJPY Daily Forecast Jul 25 2014

The USDJPY maintained a  bullish momentum yesterday  , printed support  at the 101.41  levels. This development leaves the pair targeting the 102.05 levels , a halt is likely , but break of the 102.05 levels would open 102.35 next , further upside will aim the 102.65 levels.

On the downside ,support comes at the 101.60  levels ahead of the 101.40 levels (main) , losing the 101.40 levels on a daily closing basis will reverse risks towards the 101.00/100.70  levels before the next possible  rise..

In all , as long as 101.40  holds on a daily closing  basis , outlook in USDJPY remains  on the upside towards the 102.05/102.35  levels , below 101.40 will reverse risks towards the 101.00/100.70  levels….

 

USDJPY Daily Forecast Jul 25 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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