USDJPY Weekly Forecast Mar 23 2015

Japan652 min
Japan652 min

Despite hesitation  , outlook in USDJPY remains on the upside as long as 119.37 support holds on a weekly closing basis, resistance comes at the 121.30/122.85 levels , a halt is likely but a break would open 124.80 next , further upside will aim the 127.00 levels.

On the downside , support comes at the 119.37 levels , losing this level on a weekly closing basis should weaken the current bullish run and bring a corrective pullback above the 112.47/115.55 levels before the next rise .

In all , as long as 119.37 support holds on a weekly closing basis , outlook in USDJPY remains on the upside towards the 122.85 levels ahead of the 124.85 levels , below 119.37 faces a pullback risk above the 115.55/112.47 levels…

USDJPY Weekly Forecast Mar 23 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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