USDJPY Daily Forecast Nov 25 2014

Outlook in USDJPY remains on the upside as long as support  117.35 holds on a daily closing basis , resistance comes at the 118.47 levels , break of 118.47 on a daily closing basis would open 120.00 next , a halt is likely , but further upside will pave the way towards the 121.15 levels ahead of the 122.50 levels .

On the downside , support comes at the 117.35 levels , losing this level on a daily closing basis will bring a corrective pullback towards the 116.33/115.44 before the next rise.

In all , as long as support 117.35 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 118.57/120.00 levels ahead of the 121.15/122.50 levels , below 117.35 faces a pullback risk towards the 116.33/115.44 levels before the next possible rise..

 

USDJPY Daily Forecast Nov 25 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS