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USDJPY Looks To Build Up On Price Recovery

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: Having halted its upside pressure to close higher on Tuesday, USDJPY looks to build up on price recovery. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn focus to the 117.00 level and possibly lower towards the 116.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the upside, resistance resides at the 119.00 level. Further out, we envisage a possible move towards

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