USD/JPY (106.47) – Weekly Forecast

Weekly forecast levels: 104.90/108.35

Trend for the week – Neutral

Market Focus:

Weekly Strategy: The yen remain in very dynamic style trading but as overall without clear direction. The most speculative currency continues to trade into the range of 105.70 up to 107.45. The break of 105.70 will follow 104.90 a key level for the dollar support. In the coming week recommend trading using the key support/resistance levels, as mostly the trading will be based on technical trading.