USDJPY targets 103.73/104.65 , support 102.14 !

The USDJPY maintained a bullish momentum yesterday , printed support at 102.14 levels, this development leaves the pair targeting the 103.38 levels where a breach is very likely ,If seen , we might see some hesitation around 103.73 but the way will be paved towards 104.65 levels , break of 104.65 will open 106.95 levels.

On the downside, support comes at 102.15 levels ,losing this level on a daily basis, would weaken/ delay the current bullish run for retesting 101.61 ahead of 101.14 before the next possible rise.

Overall, the USDJPY will remain biased to the upside to upside with risk towards 103.73/104.65 ahead of 106.95 as long as 102.14 holds on a daily basis, losing 102.14 would open 101.14/101.61 levels.

Support and resistance : 97.60 , 99.09 , 101.14 , 101.61 , 102.14 , 103.73 , 104.65 , 106.95 , 109.72

MARKET DATA

UPCOMING ECONOMIC EVENTS