USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 110.02 and hit 109.77 earlier today in Asian session. Price slipped below the EMA 200 as you can see on my daily chart below which reactivates my bearish mode targeting 109.35/00 area as a part of the bearish run since fell from 113.00. Immediate resistance is seen around 110.20. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear.

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.