USDJPY Weekly Forecast Dec 10 2018

Dollar - Yen -final 65968545

USDJPY: Around Rising Trendline …

As long as 112.63 support holds on a weekly closing basis, the USDJPY remains neutral with risk to the upside. Resistance comes at 114.07 level. A weekly closing above 114.07 will restore the upside momentum and open 114.85. A halt is likely, it may test 114.07 before attempts to break above 114.85 level. Anyway; above 114.85 aims 115.75. A further upside, resistance comes at 117.00 level.

On the upside, a failure to take out 114.07 could mean a return to 112.63 level. Below 112.63 – weekly closing basis – will extend the corrective pullback to 111.35, further down, support comes at 110.34 level.

Note: Minor resistance comes around 113.13 levels.

Conclusion: The USDJPY sees pullback threats below 114.07 level with risk to 112.63, below 112.63 aims 111.35/110.35. Above 114.07 restores the upside momentum and aims 114.85 level.

Support: 112.63, 111.35, 110.35, 109.25

Resistance: 114.07, 114.85, 115.75, 117.00

USDJPY Weekly Forecast Dec 10 2018

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