USDJPY Forecast
The USDJPY was indecisive last week but overall still able to maintain its bearish outlook by staying below the trend line resistance as you can see on my H4 chart below.  The bias is neutral in nearest term probably with a little bearish bias testing 109.70 support area. Immediate resistance is seen around 110.50. A clear break above that area could trigger further bullish pressure testing 111.00 and the trend line resistance which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.70 would expose 108.00 region this week.


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.