USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Overall price is still in a bearish phase since rejected above 113.00 area but found a good support at the trend line support as you can see on my daily chart below. Immediate support is seen around 110.68. A clear break and daily close below that area would expose 110.25/00. Immediate resistance is seen around 111.18. A clear break above that area could trigger further bullish pressure testing 111.50 or higher.

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.