USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 113.62 but closed higher at 114.28. The bias remains bullish in nearest term testing 115.00 area. Immediate support is seen around 114.00. A clear break below that area could lead price to neutral zone in nearest term testing 113.60 which is a good place to buy with a tight stop loss. Overall I still prefer a bullish scenario at this phase as a part of the bullish continuation scenario after broke above the trend line resistance as you can see on my H4 chart below.


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.