USDJPY Weekly Forecast Nov 30 2015

Medium term outlook in USDJPY remains on the upside as long as 122.00 support holds on a weekly closing basis, resistance comes at the 123.30 levels, a break will open 125.85 next, further upside, resistance comes at the 127.90 levels…

On the downside, support comes at the 122.00 levels, below 122.00 will open 120.05 before the next rise, however, a cut through the 120.05 levels will increase the risk towards the 118.05/116.20 levels…

Conclusion: The USDJPY continues to face upside threats in the medium term above the 120.05/122.00 levels…

For today: Above 122.95 on a daily closing basis will restore the upside momentum and open the 123.75/124.50 levels, below 122.95 will keep the pair under pressure with risk towards the 122.30/121.90 levels…

USDJPY Weekly Forecast Nov 30 2015

USDJPY Weekly Forecast Nov 30 2015-daily

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