USDJPY: Looks To Return To The 99.93 Level And Beyond
Just a matter of time when will it break 100
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
USDJPY: With the pair halting its corrective pullback at the 96.99 level and closing higher the past week, we expect an extension of that strength to occur in the days ahead. This development leaves USDJPY targeting the 99.93 level. This if seen will set the stage for more upside towards the 100.50 level followed by the 101.00 level. We may see a pullback from here but if broken, further upside could follow towards the 101.50 level and then the 102.00 level. Support comes in at the 96.99 level where a violation will target the 96.00 level and then the 96.50 level. All in all, USDJPY remains biased to the upside in the medium term.