USDJPY – Weekly Forecast 02-06 Dec 2013

Recommendations: LONG positions above 101.51  with 103.75 & 104.80 as next target.
Alternative scenario:The downside breakout of 101.51 will call for a slide to 99.09/97.60.
Description: With the key support 101.51 intact, further rise towards 103.73 is suggested , break of 103.73 will aim 104.80 levels , further out will aim the 105.70 levels .On the downside , losing the key support 101.51 would weaken the current bullish run for retesting 99.09 levels ahead of  97.60 levels.

Support and resistance (weekly) : 84.17 , 89.15 , 92.56 , 93.78  , 96.56 ,98.92 , 99.09 , 101.51 , 103.73, 104.80, 105.70 ,106.95,109.07

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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