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USDJPY: Faces Recovery Threats Towards Key Resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY: The pair continued further higher on the back of its Friday strength on Monday. USDJPY faces recovery threats towards key resistance. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the upside, resistance resides at the 113.00 level. Further out, we

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