usd jpy weekly outlook for 28 dec to 1 jan 2016

usd jpy weekly outlook for 28 dec to 1 jan 2016
dollar yen pair this week closed at 120.29 with loss.
USD JPY weekly chart trend
and momentum both are now bearish.
For medium term , usd jpy support zones are 119 and 116.5 levels.
On upside expect strong resistance at 121.45 and 123.9 levels.
For next week , yen below 121.45 will remain stronger againest us dollar.
but traders use tecnical bounce back or levels of 121-122
to go short for best rsik reward ratio

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Pramod Baviskar

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