USDJPY Daily Forecast Oct 28 2014

Outlook in USDJPY remains on the upside as long as support 107.10 holds on a daily closing basis , resistance comes at the 108.34 levels , a break would open  109.20  levels , a halt is likely , but a break would open 110.30 next , further upside will aim the 111.50 levels..

On the downside , support comes at the 107.50 levels ahead of the 107.10 levels (main) , losing this level will turn outlook neutral for retesting the 106.45/105.19 levels before the next possible rise.

In all , as long as support 107.10 holds on a daily closing basis , outlook in USDJPY  remains on the upside towards the 109.20 levels ahead of the 110.30 levels , below the 107.10 levels  will turn outlook neutral towards the 106.45/105.19 levels before the next move.


USDJPY Daily Forecast Oct 28 2014