USDJPY is Neutral ,Support 101.97,Resistance 103.37 !

The USDJPY maintained a bearish momentum yesterday , topped at 103.37 levels, and bottomed at 101.97 levels, this development printed resistance at 103.37 levels and support at 101.97 levels, stability above 101.97 on a daily basis could mean a return to 103.37 levels, break of 102.93 is early warning for 103.37 levels, If 103.37 resistance is taken out, next resistance would be 104.00 ahead of 104.80 .On the downside , support comes at 102.50 ahead of 101.97 (main) , stability below 102.50 will keep 101.97 under pressure , losing 101.97 on a daily basis will open 101.14 ahead of 99.09 levels…

Overall, the USDJPY is likely to  move sideways as long as trades within 101.97/103.37 range.

Support and resistance : 99.09 , 101.14 , 101.97 ,103.73 , 104.80, 105.70

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

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