USDJPY Daily Forecast Mar 31 2014

The USDJPY  maintained a bullish momentum last Friday , bottomed at the 102.03 levels and topped at the 102.97 levels .This development leaves the pair targeting the 103.45 levels , a halt is likely , but break of the 103.45 levels would open 104.00 next , further upside will aim the 104.83 levels.

On the downside , support comes at the 102.03 levels , losing this level on a daily closing basis will reverse risks towards the 101.71 levels ahead of the 101.23 levels before the next possible rise …

In all , as long as support 102.03 holds on a daily closing basis , the USDJPY will remain based to the upside towards 103.45 levels ahead of the 104.00 levels , losing the 102.23 levels on a daily basis will reverse risks towards the 101.71/101.23 levels..

Note that stability above the 102.97 levels will keep pushing towards the 103.45/104.00 levels…

 

USDJPY Daily Forecast Mar 31 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS