USDJPY Weekly Forecast Jun 30 2014

Despite the bearish move last week , outlook in USDJPY remains on the upside this week , the weekly closing above the 102.35 levels 4 weeks ago , is supposed to pave the way towards the 104.12 levels , further upside will aim the 104.86 levels ahead of 105.43 levels.

On the downside , support comes at the 101.42  levels ahead of 100.43 ( main) , sustained trading – weekly closing – below the 100.43 will open 98.92 levels before the next rise , below this level will turn focus on the 96.56 levels.

In all , as long as support 100.43 holds on a weekly closing basis , outlook in USDJPY remains on the upside towards the 104.12 levels ahead of the 104.86 levels , below 100.43 will turn outlook for the 98.92 levels.

Note: To avoid false moves , follow USDJPY daily forecasts……….ride long opportunities……….

 

USDJPY Weekly Forecast Jun 30 2014

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