USDJPY Weekly Forecast Apr 14 2014

Despite the decline last week , outlook in USDJPY remains on the upside , the weekly close above the 103.42 levels few weeks ago , printed support at the 100.75 levels , break of 103.42 will build strong pressure on the 104.12 levels , a break would recapture the  104.83 levels , a halt is likely , but a clear break would open 105.43 next , further upside will aim the 107.00 levels.

On the downside , support at 101.31 ahead of 100.75 main , stability above both levels will keep pushing to the upside , however ; losing the 100.75 levels will reverse risks towards the 98.92 levels before the next possible rise…

In all , as long as 100.74 holds on a weekly basis , the USDJPY will remain based to the upside towards the 104.83/105.43 levels , below 100.74 will reverse risks towards the 98.92  levels….

 

USDJPY Weekly Forecast Apr 14 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS