USDJPY Forecast
The USDJPY was indecisive last week. The bias is neutral in nearest term but overall as long as stay above 104.70 the bullish pin bar scenario should remain valid targeting 110.00 region which remains a good place to sell. Immediate support is seen around 107.60. A clear break below that area could trigger further bearish pressure testing 107.00 region. Immediate resistance is seen around 109.00. A clear break and daily close above that area would resume the bullish pin bar scenario testing 110.00 region.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply