Wednesday 29 Jun 2022

Technical forecast for USD/JPY

By Jason Sen () · May 15, 2013 · Comments Off
Cross Rates · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

USDJPY held above support at 100.90/80 & broke this week’s high at 102.15 to hit our 102.42 target & the outlook remains strong so watch for a break higher to target 103.07. If we keep going we should struggle at 103.55 resistance this week & this could mark the high if seen. Do bear in mind however that we could reach as far as 105.50 in the coming weeks on this next leg higher.

Support at 102.15/05 then 101.35/25.

Cross Rates

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Technical forecast for USD/JPY

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