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USDJPY: Reverses Higher With Eyes On Price Extension

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: With the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at the 114.50 level. Further out, we envisage a possible move

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