USDJPY Daily Forecast Oct 21 2015

Outlook in USDJPY remains neutral with risk to the upside, immediate support comes at the 119.40 levels, stability above this level will keep pushing upward towards 120.00 levels, a break would open 121.25 next, further upside, resistance comes at the 122.00 levels.

On the downside, a rejection from the 120.00 levels (Daily EMA 30), could mean a return to the 119.40 levels, a cut through the 119.40 levels will suggest a pullback to the 118.80/118.38 levels before the next rise…

Conclusion: The USDJPY continues to face upside threats in short term above the 118.80/118.38 levels.


USDJPY Daily Forecast Oct 21 2015