Daily Forecast - 09 June 2014
USDJPY
USDJPY levels are working quite well but direction is hard to gauge. Support at 102.05/95 was expected to be the low for the day on Friday & as predicted we bottomed almost exactly here at 102.08. Today any longs here need stops below 101.90. Just be aware that a break lower targets 101.55/50.
Above 102.45/40 is more positive & can target resistance at 102.80/85 for a selling opportunity but shorts need stops above May highs at 103.01. Above here we could push higher to 103.17/19 then 103.40 for a selling opportunity this week.
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