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USD/JPY: Outlook Is Positive

USD/JPY: Outlook Is Positive

USD/JPY” title=”USD/JPY” width=”987″ height=”338″ />USD/JPY held support at 99.45/40 to reach the target of 110.20/25. We are now trying a break above 100.45 for a move towards 100.75/85. We are overbought so we should struggle here but the outlook is quite positive so if we continue higher look for 101.20/30.Good support at 100/99.95 should hold the downside on any profit taking but below here look for 99.70, possibly 99.50/45 for a buying opportunity.

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