USDJPY Forecast
The USDJPY had another indecisive movement yesterday but slipped below the low of the mother bar (110.75) as you can see on my daily chart below. This fact not only creates a bearish signal but also invalidates the bullish pin bar scenario. The bias is bearish in nearest term testing 110.00 region (daily EMA 200). Immediate resistance is seen around 111.15. A clear break above that area could lead price to neutral zone in nearest term testing 111.55 area.

FX Instructor Forex Blog – For Traders, By Traders

One thought on “USDJPY Daily Forecast: July 26”

  1. Marshall Lamare says:

    Hey my name is Marshall. I am a beginner in trading Forex. I’ve watch the signal from Youtube I am interested with this but I want a suggest. This is good or not?

Leave a Reply

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