USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 112.39 but whipsawed to the upside and closed higher at 113.23, just above the trend line resistance as you can see on my H4 chart below. This fact suggests a bullish continuation scenario. The bias is bullish in nearest term testing 114.00 area. Immediate support is seen around 112.90. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
FX Instructor Forex Blog – For Traders, By Traders
- 0
- 192
- 0
