USDJPY Daily Forecast Oct 27 2015

Short term outlook in USDJPY has turned neutral at the moment, the pair is in a pullback mode as long as trades below 122.00 levels on a daily closing basis, and further down couldn’t be ruled out, but downside move below 122.00 levels should be contained well above the 119.90 levels, however; a cut through the 119.90 levels will extend the pullback to 118.80/118.40 levels.

On the upside, the main resistance comes at the 122.00 levels, sustained breakout above this level is needed to restore the upside momentum, and open the 123.78/124.50 levels.

Conclusion: The USDJPY to consolidate within 120./122.00 range in the short term view.

 

USDJPY Daily Forecast Oct 27 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. Fine way of telling, and nice paragraph to get data about my presentation subject matter,
    which i am going to deliver in academy.

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