USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall I remain bearish but as you can see on my H1 chart below price is moving inside a bullish channel after broke above the H1 EMA 200 suggests a valid bullish correction phase. Immediate support is seen around 104.20. A clear break below that area could trigger further bearish pressure testing 103.50 and the lower line of the bullish channel. Immediate resistance is seen around 105.00 followed by 105.50.


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.