USDJPY Forecast
The USDJPY continued its bullish momentum last week topped at 110.94 and hit 111.11 earlier today. The bias remains bullish in nearest term testing 111.50. A clear break and daily close above that area could trigger further bullish pressure targeting 113.50 this week. Immediate support is seen around 110.35. A clear break below that area could lead price to neutral zone in nearest term testing 109.80 but overall price is still in a strong bullish condition and any downside pullback should be seen as a good opportunity to buy.

usdjpydaily

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.