USDJPY Daily Forecast Mar 24 2015

Japan652 min
Japan652 min

The USDJPY maintained a bearish momentum yesterday , topped at the 120.16 levels and bottomed at the 119.58  levels . This development leaves the pair targeting the 118.90 levels , a halt is strongly suggested  but a cut would open 118.00 levels , further downside will target the 117.15 levels.

On the upside , resistance comes at the 120.16 levels , break of 120.16 on a daily closing basis will restore the upside momentum and open 121.40 levels ahead of  the 122.00 levels.

In all , as long as 120.16 resistance holds on a daily closing basis , outlook in USDJPY remains on the downside towards the 118.90 levels ahead of the 118.00 levels , above 120.16 will restore the upside momentum and pave the way towards the 121.40/122.00 levels.

 

USDJPY Daily Forecast Mar 24 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS