USDJPY Daily Forecast Mar 10 2020

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Dollar -Yen -653 -689

USDJPY: Bearish Despite Recovery Attempts…

As long as 104.60 resistance holds on a daily closing basis. The USDJPY remains on the downside to 102.80/101.50 levels. A halt is likely but a cut would open 99.90 next, further down, support comes in the 98.10 level.

On the upside, resistance comes at 104.60 levels. Above that level sees recovery threats to 106.20 level. Above 106.20 will extend the corrective recovery to 107.50 level.

In conclusion: The USDJPY still faces downside threats below 104.60 level…

Support: 102.80, 101.50, 99.90, 98.00, 96.80

Resistance: 104.60, 106.20, 107.50, 108.80, 109.67

USDJPY Daily Forecast Mar 10 2020

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