USDJPY Daily Forecast Jun 05 2014

Outlook in USDJPY remains on the upside as long as support 102.47 holds on a daily closing basis , resistance comes at the 103.11┬álevels , a break would open 104.12 next , further upside will aim the 105.00 levels……….

On the downside , sustained trading – stability below the 102.47 levels on a daily closing basis will turn outlook neutral for retesting the 101.74 levels before the next rise . If 101.74 fails on a daily basis , expect the pair to weaken further towards the 100.82 levels .

In all , as long as support 102.47 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 103.11 ahead of the 104.12 levels , below 102.47 will turn outlook neutral for retesting 101.74 before the next possible rise………..

 

USDJPY Daily Forecast Jun 05 2014

 

 

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