USDJPY Daily Forecast Sept 04 2014

Outlook in USDJPY has turned neutral with risk to the upside , support comes at the 104.73 levels while resistance remains at the 105.43 levels .

On the upside , stability above the 104.73 levels could mean a return to the 105.30 levels , a break will recapture the 105.43 levels , a halt is likely , but a clear break would open 106.04 levels , further upside will aim the 105.95 levels.

On the downside , support comes at the 104.73 , losing this level on a daily closing basis , would delay the bullish for retesting the 104.10/103.54 levels before the next rise ..

In all , the USDJPY is likely to consolidate within 104.73/105.43 range  , below 104.73 would delay the bullish  move for retesting the 104.10/103.54 levels before the next rise , while above the 105.43 will resume the bullish move towards the 106.04/106.95 levels…

 

USDJPY Daily Forecast Sept 04 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS