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USDJPY has only minor resistance at 114.25

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 18 February 2016 USDJPY Spot USDJPY has only minor resistance at 114.25 again today but above here could re-target stronger resistance at 114.90/115.00. Shorts here need stops above 115.20 but a break higher targets 115.45/50 then trend line resistance at 115.85/90. Failure to beat 114.25 re-targets 114.10 & 113.85/80 then support at 113.55/50. Again longs need stops below 113.20. A break lower today however sees 113.55/50 act as resistance to target 112.94/90 then strong

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