USDJPY Daily Forecast Sept 24 2014

Despite hesitation , outlook in USDJPY remains on the upside as long as support 108.38 holds on a daily closing basis , resistance comes at the 109.72 levels , a break would open 110.65 next , a halt is likely , but further upside will aim the 112.62 levels..

On the downside , support comes at the 108.38 levels , losing this level on a daily closing basis would only delay the bullish move and turn outlook neutral , but downside below the 108.38 levels  should be contained well above by the 106.00/106.80 levels..

In all , as long as support 108.38 holds on a daily closing basis , outlook in USDJPY remains on the upside towards the 109.72 ahead of the 110.65 levels , below the 108.38 would only delay the bullish move and bring consolidation above the 106.00/106.80  levels..

 

USDJPY Daily Forecast Sept 24 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS