USDJPY Daily Forecast Oct 30 2015

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Outlook in USDJPY remains on the upside as long as 119.90 support holds on a daily closing basis, resistance comes at the 122.00 levels, a break is needed to resume the upside offensive, If seen, it will target 123.30 next, further upside resistance comes at the 124.50 levels.

On the downside, a failure to kae out the 122.00 levels could mean a return to the 119.90 levels, a halt is likely and a reversal may occur, but a cut through the 119.90 levels will bring a corrective pullback towards the 118.80/118.38 levels.

Conclusion: The USDJPY continue to face upside threats above the 119.90 levels even in a case of retreat.

USDJPY Daily Forecast Oct 30 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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