USDJPY Monthly Forecast Apr 2015

Japan652 min
Japan652 min

Outlook in USDJPY has turned neutral with risk to the upside , support comes at the 115.84 levels , a failure to hold below the 115.84 levels on a monthly closing basis could mean a return to the 120.73 levels , a halt is likely but a break would open 124.12 next , further upside will target the 127.63 levels..

On the downside , support comes at the 115.84 levels , losing this level on a monthly closing basis will suggest short term topping and bring large reversal towards the 112.36/109.72 levels and possible lower towards the 104.26 levels…

In all , as long as 115.84 support holds on a monthly closing basis , long term forecast in USDJPY remains on the upside towards 120.73 levels ahead of the 124.12 levels , below 115.84 faces a pullback risk above the 104.26 levels before the next rise….


USDJPY Monthly Forecast Apr 2015




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