USDJPY Daily Forecast Sep 28 2018

USDJPY: Bullish But Hesitates Ahead Of 113.60 Levels!

As long as 112.92 support holds on a daily closing basis, the USDJPY remains on the upside to the 113.60 levels, a halt is likely but a break will target the 114.17 levels, further upside, resistance comes at the 114.88 levels.

On the downside, support comes at the 112.92 levels, below that level should weaken recent rise and turn the focus on the 112.43 / 112.00 levels where another rise is likely, below 112.00 sees further weakness to the 111.00 levels.

Conclusion: The USDJPY continues to face upside threats above the 112.92 levels.

Support: 112.92, 112.43, 112.00, 111.00

Resistance: 113.60, 114.17, 114.88, 115.50