USDJPY Halts Weakness, Recovers With Caution

28 June 2016, 15:13

USDJPY: The pair halted its weakness on Monday leaving risk higher in the days head. On the downside, support comes in at the 103.50 level where a break if seen will aim at the 103.00 level. A cut through here will turn focus to the 102.50 level and possibly lower towards he 102.00 level. On the upside, resistance resides at the 105.00 level. Further out, we envisage a possible move towards the 105.50 level. Further out,  resistance resides at the 106.00 level with a turn above here aiming at the 106.50 level. On the whole, USDJPY looks to recover higher in the new week


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