USDJPY – Weekly Forecast 09-13 Dec 2013

Recommendations: LONG positions above 101.90  with 103.75 & 104.80 as next target.
Alternative scenario:The downside breakout of 101.90 will call for a slide to 100.90/99.90.
Description: With the key support 101.90 intact, further rise towards 103.75 is suggested , break of 103.75 will aim 104.80 levels , further out will aim the 105.80 levels .On the downside , losing the key support 101.90 would weaken the current bullish run for retesting 100.90 levels ahead of  99.90 levels before the next possible rise .

Support and resistance  : 99.90, 100.90 , 101.90 (Pivot) , 102.80, 103.80 , 104.80, 105.80

Also Read : USDJPY – Monthly Forecast Dec 2013

 

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