USD/JPY
Thus,
the general forecast for USD/JPY is the following:
primary bullish market condition with the secondary ranging; key support levels will not be broken.
This pair is on bullish market condition for
ranging within 118.05 key support level and 125.85 key resistance
level. The price is located above 100 period SMA and 200 period SMA floating around 121.63 resistance.
According to the forecast made by Westpac Banking Corporation,
this 118.05 key support level will not be broken in 2015 and
2016 as well - we may see the secondary ranging up to June next
year for this pair, and the bearish market condition will be continuing
in the second half of 2016 only.
| Pairs | Q4 Dec'15 | Q1 Mar'16 | Q2 Jun'16 | Q3 Sep'16 | Q4 Dec'16 |
|---|---|---|---|---|---|
| USD/JPY | 121.0 | 121.0 | 122.0 | 123.0 | 124.0 |
