USDJPY Daily Forecast Oct 01 2014

Outlook in USDJPY remains on the upside as long as support 109.53 holds on a daily closing basis , resistance comes at the 110.25 levels , a break would open 111.20 levels , further upside will aim the 112.30 levels (weekly target) .

On the downside , losing the 109.53 levels on a daily closing basis ,  will turn outlook neutral for retesting the 108.47 levels before the next rise. losing the 108.47 levels on a daily basis will bring corrective pullback towards the 106.00 levels.

In all as long as support 109.53 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 110.25 levels ahead of the 111.20 levels , below 109.53 will turn outlook neutral for retesting the 108.47 levels before the next possible rise…

 

USDJPY Daily Forecast Oct 01 2014

 

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