USDJPY Daily Forecast Sept 02 2014

blank

Outlook in USDJPY remains on the upside as long as support 104.10/103.54 holds on a daily closing basis, resistance comes at the 104.83 levels, a break would open 105.43 levels, a halt is likely, but the further upside will turn the focus on the 106.04 levels ahead of the 106.95 levels.

On the downside, support comes at the 104.10 levels ahead of the 103.54 levels(main), losing this level on a daily closing basis will turn outlook neutral for retesting the 102.92/102.51 levels before the next rise…

In all, as long as support 104.10/103.54 holds on a daily closing basis, the outlook in USDJPY remains on the upside towards the 104.83/105.43 levels, below 103.45 will reverse risk towards the 102.92/102.51 levels before the next possible rise…

 

USDJPY Daily Forecast Sept 02 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS