USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 107.97 and hit 107.84 earlier today in Asian session. The bias is bearish in nearest term testing 107.60 support area. A clear break below that area could trigger further bearish pressure testing 107.00 region. Immediate resistance is seen around 108.50 area. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish pin bar scenario remains strong targeting 110.00 area which remains 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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