USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 109.17 but closed a little bit lower at 108.85. The bias is neutral in nearest term. Overall I remain bearish but need a clear break below 108.13 to continue the bearish scenario testing 107.50 or lower. Immediate resistance is seen around 109.40. A clear break above that area could trigger further bullish pressure testing 110.10 key resistance which is a good place to sell.

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William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

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