USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains bearish in nearest term testing 101.50. Immediate resistance is seen around 102.75. A clear break above that area could lead price to neutral zone in nearest term testing 103.50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 101.50 could trigger further bearish pressure testing 100.00 – 98.80 region.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.