USD/JPY Daily Forecast - 22 June 2017
Jason Sen | Jun 22, 2017 02:27AM ET
USDJPY first support at 111.10/05 holding perfectly but the best support for today at 110.65/60. Longs need stops below 110.30. A break lower sees 110.60/65 act as resistance to targets 110.00/109.95.
Important 100 day moving average resistance a little lower today at 111.75/80. We should struggle here but shorts need stops above 112.20. A break higher targets the 100 week & 500 day moving averages at 112.55/65 for a selling opportunity with stops above 112.99.
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