USDJPY Daily Forecast Mar 20 2015

Japan652 min
Japan652 min

Despite the decline we have seen recently , outlook in USDJPY remains on the upside as long as 119.21 support holds on a daily closing basis , resistance comes at the 121.40/122.00 levels , a halt is likely but a break would open 122.65 next , further upside will target the 123.50 levels..

On the downside , support comes at the 120.00 levels ahead of the 119.21 levels (main) , losing this level will suggest short term topping and pave the way towards the 117.13/115.85 levels before the next move..

In all , as long as 119.21 support holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 121.40 levels ahead of the 122.00 levels , below 119.21 will bring a corrective pullback above the 117.13/115.85  levels before the next rise…

 

USDJPY Daily Forecast Mar 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS