USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Key support area remains at 112.00 – 111.60 which is a good place to buy with a tight stop loss below 111.60 as a clear break below that area would invalidate the major bullish trend and could be the earliest stage of a bearish reversal scenario. Immediate resistance is seen around 112.80. A clear break above that area would retest 114.00/70 key resistance area.

usdjpydaily

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply