Spot USD/JPY Forecast for 02/26 by


USDJPY took a huge tumble towards weekly Fibonacci support at 90.61. We bounced just above here & have failed below 92.36 resistance so far. Although the daily outlook remains negative there is still a small chance we can push higher for 92.82. Doubtful we will continue up from here but if we do see a break look for very tough resistance at 93.20/30 & what could be a good selling opportunity.Immediate support is at 91.80 but below 91.40 we should retest 90.90/60 support. The daily picture remains negative so a break of 90.30 would not a be a surprise and could target 89.86/70.



Long term levels94.46     2013 High94.22     Last Week’s high93.99     Monthly 38.2% Fibonacci92.77     Last Week’s Low90.37     Weekly 23.6% Fibonacci86.86     Monthly 23.6% Fibonacci


The article was first published by

Join the Discussion