Date: 22nd January, 2016
Currency Pair: USDJPY
On flip side 116.83 is offering 1st support for today. 2nd support and 3rd support are at 115.98 and 115.49 respectively.
Yesterday the pair has able to recover from a strong support area. Despite of showing good bullish strength by the pair it is still under bearish territory. A clear upside movement can be only expected if the pair able to cross 118.17 price level i.e. 1st resistance for today. I’m bullish above 118.17.
|JPY||Flash Manufacturing PMI||Low||52.4||52.8||52.6|
|ALL||WEF Annual Meetings||Medium|
|USD||Flash Manufacturing PMI||Low||51.5||51.2|
|USD||Existing Home Sales||Medium||5.21M||4.76M|
|USD||CB Leading Index m/m||Low||-0.1%||0.4%|
4 Hours Chart