USDJPY Weekly Forecast Dec 01 2014

Outlook in USDJPY is neutral at the moment, resistance comes at the 118.97 levels while support comes at the 117.22 levels while resistance comes at the 118.97 levels.

On the upside, resistance comes at the 118.97 levels, break of 118.97 levels will open 120.00 levels ahead of the 121.50 levels, further upside will aim the 124.15 levels.

On the downside, support comes at the 117.22 levels, losing this level will open 115.44 levels before the next possible rise, however, a clear break below the 115.44 levels will bring a free fall toward the 112.47 levels.

In all, as long as support 117.22 holds on a weekly closing basis, the outlook in USDJPY remains on the upside towards the 118.97 levels ahead of the 120.00/121.50 levels, below 117.22 will turn outlook towards the 115.44 levels before the next possible rise.

USDJPY Weekly Forecast _Dec 01 2014

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