USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 103.66. The bias remains bullish in nearest term testing 104.00/20 area which is a good place to sell with a tight stop loss. Immediate support is seen around 102.75. A clear break below that area could lead price to neutral zone in nearest term testing 101.80. Overall I remain bearish but only a clear break at least below 102.75 would potentially end the double bottom bullish scenario.

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.