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USDJPY: Risk Points Higher On Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: With the pair halting its weakness on two rejection candles, it now looks to recover higher. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 higher. On the upside, resistance resides at the 113.00 level. Further out, we envisage a possible move towards the 113.50 level. Further out, resistance resides at the 114.00 level with a turn

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