USD/JPY (106.71) â€“ Weekly Forecast
Weekly forecast levels: 104.95/109.15
Trend for the week â€“ Neutral
Weekly Strategy: The trading with the yen in the coming week is expecting into broad range. As overall the yen remain very strong against the dollar and is expecting to test the levels below 105 again. The key support is at 104.96, as break below will follow new significant recovery of the yen to levels of 102.50/103.00. Otherwise the key resistance is at 107.90. There is also chances if break above 107.90 to see levels of 109.15. If not break above 107.90 uses this level to open short positions.