USDJPY Daily Forecast Oct 18 2016

USDJPY: Bullish But Hesitates Ahead Of Key Resistance !

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USDJPY: Bullish But Hesitates Ahead Of Key Resistance !

Outlook in USDJPY remains on the upside as long as 103.32/102.88 support holds on a daily closing basis, resistance comes at the 104.60 levels, a halt is likely and a reversal may occur, but a break would open 106.80, further upside, resistance comes at the 107.88 levels

On the downside, support comes at the 103.32 levels ahead of the 102.88 levels, below 102.88 sees a pullback risk to the 101.55 levels before the next rising…

Conclusion: The USDJPY continues to face upside threats above the 102.88/103.32 levels with risk to the 104.60 levels, below 102.88 sees a pullback risk to the 101.55 levels before the next rising…

usdjpy-daily-forecast-oct-18-2016

 

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