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USDJPY Looks To Recover Higher On Price Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: Having put in a temporary bottom at the end of Monday trading session, USDJPY looks to recover higher on price correction. This corrective view remains valid as long as the 120.33 support zone remains unbroken. On the upside, resistance resides at the 122.50 level where a cap may be occur again. Further out, we envisage a possible move towards its range top at the 123.00 level. Further out, resistance resides at the 123.50 level with a turn above here aiming at the 124.00 level. On the

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