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USDJPY: Remains On Recovery Offensive

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: With the pair reversing its Tuesday losses on Wednesday, further bullishness is likely. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here

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