USDJPY: Looks To Cap Weakness At Key Support Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY - With the pair continuing to maintain its downside pressure, further bearishness is envisaged though with caution. However, as long as it can hold and trade above the 110.92/66 support zone, a move higher is likely. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level. On the upside, resistance resides at the 112.00 level. Further out,

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