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USDJPY: Biased To The Upside On Bull Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120.50 level with a violation turning focus to the 121.00 level. Further out, resistance comes in at the 121.50 level and then the 122.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside,

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