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USDJPY: Risk Turns To 121.50/73 Zone On Bull Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: With a second day of recovery seeing the pair closing higher on Tuesday, further bullishness is envisaged. It was seen following through higher during early trading today. Beware of the 121.50/73 area because it is key to any full blown bullish offensive. On the upside, resistance resides at the 121.50 level where a cap may be occur again. Further out, we envisage a possible move towards its range top at the 121.99 level. Further out, resistance resides at the 122.50 level with a turn

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