USDJPY Looks To Retake The 123.59 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: With the pair remaining on the offensive following its Monday rally, further strength is envisaged. This price development leaves further bull pressure targeting the 123.59 and beyond. On the downside, support comes in at the 122.50 level where a break if seen will aim at the 122.00 level. A cut through here will turn focus to the 121.50 level and possibly lower towards the 121.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the upside, resistance

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