USDJPY Could Fly To 128.00 Levels In The Upcoming Days !

With breaking above the key resistance 123.30 , large bullish implications are in sight towards the 128.30 levels in the upcoming days . As a result; The  USDJPY will have to hold above the 123.30 levels on a daily closing basis to push the market for further upside gains , resistance comes at the 124.70 levels, a halt is likely but a break will open 126.40 next, further upside will target the 128.30 levels where topping is strongly suggested and reversal may occur here!!!

Alternatively, a failure to hold above the 123.30 levels on a daily closing basis will suggest a corrective pullback above the 121.50 levels (consolidation) before the next rise towards the 128.30 levels, however; a clear break below the 121.50 levels will terminate the current bullish trend and bring large reversal towards the 118.32 levels..

In all , as long as 121.50/123.30 support holds on a daily closing basis, the USDJPY remains very bullish with risk towards the 124.70 levels ahead of the 126.40/128.30 levels, below 121.50 sees large reversal towards the 118.32 levels…

Note: I expect USDJPY to reach 128.30 levels next week after U.S Non-farm Payrolls data …

USDJPY Could Fly To 128_00 Levels In The Upcoming Days !

USDJPY Could Fly To 128.00 Levels In The Upcoming Days !

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