USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 107.00. A clear break above that area could lead price to neutral zone in nearest term retesting 107.70 key resistance.

usdjpyhourly

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.