USDJPY Daily Forecast Sep 27 2018

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USDJPY: Still Bullish, Eyes Further Upside!

As long as 12.43/112.00 support holds on a daily closing basis, the USDJPY remains on the upside to the 112.92 levels, a halt is likely but a break will aim the 113.60 levels, further upside, resistance comes at the 114.17 levels.

On the downside, support comes at the 112.43 levels ahead of the 112.00 levels, below 112.00 should weaken recent rise and bring a corrective pullback to the 111.15/111.05 levels where another rise is likely, however; below 111.05 sees further weakness to the 110.35/110.00 levels.

Conclusion: The USDJPY continues to face upside threats above the 112.00 levels…

 

Support: 112.43, 112.00, 111.00, 110.35

Resistance: 113.12, 113.60, 114.17, 114.70

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